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Establishing an
Endowment through the Pine Forge Academy Foundation is a means for
donors to leave an enduring legacy of support. An Endowment can be set
up during your life from a gift of cash or cash equivalent, stocks,
securities, and real estate property, or it can be established later on
with estate assets. Some may prefer to begin the Endowment now and add
more to it later through a bequest.
Five reasons to establish an Endowment for Pine Forge Academy through the Foundation:
1. Durability
The
idea of creating a perpetual stream of financial support makes sense.
The investment fund is guarded and invested separately from other
assets so that the principal of the fund stays intact. Only the income
or a portion thereof is used each year for the Endowment.
2. Support the Legacy of Excellence
When
donors establish an Endowment gift, they create a legacy that will
outlive them and provide an enduring testimony of their interest in
Pine Forge Academy. Family and friends will be reminded of the person's
love, value and commitment to Pine Forge Academy. An Endowment fund is
also a great way to honor the lives of others who have made a
significant impact on the progress and Legacy of Excellence at Pine
Forge Academy.
3. Perpetuate Annual Gifts
An
Endowment gift is a wonderful way to provide ongoing support to your
favorite capital project or academic program at Pine Forge Academy.
Your gifts to the Endowment, that you establish, can continue annually.
4. Build A Stronger Pine Forge Academy
Each
year, PFA requires subsidy dollars to meet operational costs for its
facilities, academic programs, and personnel. Tuition alone does not
cover all of the Pine Forge Academy operating costs, which is the case
with all tuition-based schools. Annual payouts from Endowment funds
will relieve some of this pressure and allow administrators and the PFA
board to plan more confidently for the future. The academic programs
with strong Endowments will be more stable financially and are
positioned more advanced and focused curriculum.
5. Personal Satisfaction
There
is something wonderfully fulfilling about doing something significant
for needy inner city and academically astute African-American high
school students. Knowing your gift will continue to make a difference
for years to come in the lives of future African-American Global
Leaders only increases this joy. |