The Charles Cooper Endowment Fund of Progress
In celebration of our 50th Anniversary, we would like to build upon this Endowment Fund by $50,000 and we need your help. Help ensure the future of Progress in two ways:
1. You can make a planned gift to Progress and include the Progress endowment fund in your estate planning. You can designate Progress as a beneficiary of your will, life insurance policy, 401K or other assets – we are grateful and honored to be included in a bequest of any amount or percentage. Please consult a tax professional because frequently by including Progress, a 501 C 3 tax-exempt non-profit organization, in your financial planning, you can increase the amount you leave to family members by reducing the amount the government receives in taxes.
2. You can make a one-time gift (or even monthly recurring gifts) to the Progress endowment through a gift to Progress and indicating that it be used to fund the endowment or is a 50th Anniversary gift. Gifts can be made in honor or in memory of anyone, for any reason, and we will send them a lovely card telling them of your generous gift. Gifts can be made in any amount at any time.
A gift to the Charles Cooper Endowment Fund for Progress, Inc. is very literally the gift that keeps on giving. A gift today will generate gifts to Progress in perpetuity.
50 Years of Service
As we celebrate 50 years of providing essential services to people with disabilities and seniors throughout Middle Tennessee, we seek to ensure our long-term financial sustainability so that we may continue meeting these needs in the future and respond as new challenges and needs emerge.
How can we help ensure the long-term viability of Progress?
Through a healthy endowment fund.
What is an Endowment Fund?
To put it simply an endowment fund is money that is untouched and invested so that it grows, creating other money that can then be used in the future, forever.
An endowment is an investment fund established for managing a pool of financial investments (and in many cases indefinitely perpetuating) for a specific purpose according to the will of its founders and donors. Endowments are normally structured so that the principal amount invested remains intact and that investment income not reinvested can be used for operations and other needs.
Another way to think of an endowment is like a thinking of it as a sort of “retirement account” for nonprofit organizations. As Progress gets older, an endowment will help provide additional funding in the future. Although, one of the differences between a retirement account and an endowment is that normally with an endowment, the principle is not touched, and the funds are coming from the investments.
Why does Progress need an Endowment?
Sustainability is always a concern for nonprofit organizations. Progress is heavily dependent upon government funding for its operations. Although Progress has greatly expanded its efforts to diversify funding streams over the years, an endowment fund grown to a size large enough to provide a reliable source of meaningful income can significantly aid in long-term survival by increasing funding and funding diversification.
Progress Endowment Fund
More than 10 years ago, an endowment fund was created for Progress in memory of Charles Cooper, a former board member. The Charles Cooper Endowment for Progress, Inc. is housed at the Community Foundation of Middle Tennessee. Since its creation, a total of $27,576 has been donated to it. This was without fanfare and without actively fundraising for it. Today through investments, the balance is $62,441.71. In other words, it has nearly doubled in size through no effort on the part of Progress.
1. You can make a planned gift to Progress and include the Progress endowment fund in your estate planning. You can designate Progress as a beneficiary of your will, life insurance policy, 401K or other assets – we are grateful and honored to be included in a bequest of any amount or percentage. Please consult a tax professional because frequently by including Progress, a 501 C 3 tax-exempt non-profit organization, in your financial planning, you can increase the amount you leave to family members by reducing the amount the government receives in taxes.
2. You can make a one-time gift (or even monthly recurring gifts) to the Progress endowment through a gift to Progress and indicating that it be used to fund the endowment or is a 50th Anniversary gift. Gifts can be made in honor or in memory of anyone, for any reason, and we will send them a lovely card telling them of your generous gift. Gifts can be made in any amount at any time.
A gift to the Charles Cooper Endowment Fund for Progress, Inc. is very literally the gift that keeps on giving. A gift today will generate gifts to Progress in perpetuity.
50 Years of Service
As we celebrate 50 years of providing essential services to people with disabilities and seniors throughout Middle Tennessee, we seek to ensure our long-term financial sustainability so that we may continue meeting these needs in the future and respond as new challenges and needs emerge.
How can we help ensure the long-term viability of Progress?
Through a healthy endowment fund.
What is an Endowment Fund?
To put it simply an endowment fund is money that is untouched and invested so that it grows, creating other money that can then be used in the future, forever.
An endowment is an investment fund established for managing a pool of financial investments (and in many cases indefinitely perpetuating) for a specific purpose according to the will of its founders and donors. Endowments are normally structured so that the principal amount invested remains intact and that investment income not reinvested can be used for operations and other needs.
Another way to think of an endowment is like a thinking of it as a sort of “retirement account” for nonprofit organizations. As Progress gets older, an endowment will help provide additional funding in the future. Although, one of the differences between a retirement account and an endowment is that normally with an endowment, the principle is not touched, and the funds are coming from the investments.
Why does Progress need an Endowment?
Sustainability is always a concern for nonprofit organizations. Progress is heavily dependent upon government funding for its operations. Although Progress has greatly expanded its efforts to diversify funding streams over the years, an endowment fund grown to a size large enough to provide a reliable source of meaningful income can significantly aid in long-term survival by increasing funding and funding diversification.
Progress Endowment Fund
More than 10 years ago, an endowment fund was created for Progress in memory of Charles Cooper, a former board member. The Charles Cooper Endowment for Progress, Inc. is housed at the Community Foundation of Middle Tennessee. Since its creation, a total of $27,576 has been donated to it. This was without fanfare and without actively fundraising for it. Today through investments, the balance is $62,441.71. In other words, it has nearly doubled in size through no effort on the part of Progress.
