ENDOWMENT FUND
The Endowment Fund was established in 2016 to serve as a source of permanent financial support to further the Foundation’s mission to provide significant annual grant distributions. The assets held in the Endowment Fund are managed by an SEC registered investment firm with a strategy to generate long-term growth. By the end of 2023, the Endowment Fund will have over $380,000 invested and an additional $1.5M committed as legacy gifts.
Our goal is to increase the Endowment Fund with your generous donations, during your lifetime or at your death, and through investment appreciation and earnings. The Endowment Fund will be retained in perpetuity. As the Fund grows, the Board can consider making distributions to increase the size of our annual grant pool and/or to make emergency grants as we did after Hurricane Florence and during the COVID pandemic.
Contributions to the Endowment Fund can be made by:
mailing a check to the Landfall Foundation
making a credit card contribution through our website
donating securities or with a qualified charitable distribution from an individual retirement account (IRA).
a legacy gift, which takes effect at your death, may be indicated in your will, trust, other estate planning document, or by beneficiary designation.
For additional information or assistance, please contact Karin Carson at Carson@landfallfoundation.org.
FRANK & BETTY KENAN SOCIETY MEMBERS
The Frank and Betty Kenan Society recognizes those who generously donated Endowment Fund gifts totaling $10,000 or more during their lifetime and those who have provided written intent to make a legacy contribution of $10,000 or more.