Making an endowed gift is an investment in our future, helping us grow and expand equity in aerospace for years to come.
During our journey, many of us aspire to have a lasting impact on the lives of others, offering gifts to support the people and causes we cherish. Imagine the satisfaction of knowing that you can continue making a difference even after you’re no longer here, leaving a legacy of support for the causes close to your heart. By establishing an endowment with Airway Science for Kids—or contributing to our existing endowment—you can create a gift that stands the test of time. Your support will leave a lasting mark on the causes that matter most to you.
What is an endowment?
Endowed gifts are funds that are invested, with the generated income used to fund the program you chose. This means that the principal gift continues to grow over time and generate a steady, reliable source of income in perpetuity. Endowments help to ensure that adequate provision is made for the students, faculty, and facilities of today and tomorrow.
How it works
- You give cash, securities or other assets to Airway Science for a new or existing endowment.
- Determine if your endowment will fund a specific program or service, or be given without restrictions—allowing ASK to direct the funds to our most critical needs.
- We use a small portion of the fund to support our mission, and the balance remains invested to perpetuate the endowment.
4 Key Steps to
Creating an Endowed Gift
1. Put It in Writing
If you are creating an endowment through your will or living trust and want it to be for a specific purpose, in most cases, you must explicitly state this. If you are establishing one during your lifetime, Airway Science will work with you to outline how you want it to be used.
2. Include Safety Language
Nationwide, millions of dollars directed to specific purposes sit idle in bank accounts because the funds are no longer needed. We encourage you to include a statement that allows Airway Science to redistribute the funds to another area if the original purpose is no longer necessary.
3. Determine the Amount Needed
If you are creating an endowment today, Airway Science can inform you of the minimum amount required. If you intend to create one through your estate, ASK recommends you specify a set amount in your will or living trust, then include a provision directing your executor or personal representative to distribute more funds if needed, should minimums change.
4. Lean on the Airway Science for Help
We respect the personal nature of these decisions and have experience with the sensitive issues involved. Airway Science for Kids would be glad to work with you to help ensure that your wishes are satisfied.
Tip: An endowment gift allows you to pay tribute to someone meaningful in your life who values our mission. Think about naming the endowment in their honor to commemorate their legacy.
Next Steps
Including a gift in your estate plan offers a versatile approach to extending your backing for Airway Science into the years ahead. If you have inquiries about contributing from your estate or have already taken this step, please don’t hesitate to reach out. We’re eager to express our gratitude. Rest assured, we honor your choice for anonymity if desired.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. State law may further impact your individual results.
