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What is an endowed gift?
An endowed gift, or an endowment, is an invested fund, a portion of whose earnings supports education. The rest of the earnings are reinvested to offset inflation. The principle investment from an endowment is never spent. Because of sound fiscal practices as well as a conservative and responsible investment team, an endowment will perpetually support education, leaving a legacy in McKinney, Texas for years to come.
What initial investment is required to establish an endowment?
To establish an endowment, you must give at least $20,000. You can give an initial gift of $20,000 or you can build an endowment with smaller gifts over time. Our staff can work with you to establish a plan for building your endowment. You can also give property, IRAs, or other assets to fund your endowment.
What can I support with my endowment?
Through your endowment, you can fund a Scholarship, fund a Teacher Grant, contribute to any of MEF's Programs, or fund the foundation's operations costs. Your endowment can also be unrestricted, so that its earnings will be used where they are most needed.
What legacy will my endowment leave?
Endowments reflect the values and passions of the giver. If you desire to create a legacy for education in McKinney, consider creating an endowment. Your gift will change the lives of young people: today and in the future. The MEF can help you write a donor agreement that reflects your values and passion for education.