Establishing a Named Fund

Creating a legacy for generations to come can be as easy as establishing an endowment fund with the LSS Foundation, Inc. In your name or in memory of a loved one, this gift of love and inspiration will ensure the support of LSS programs for years and years to come.

Minimum gift amount: $25,000

With a named endowment fund, you can:

• Leave a legacy in your name, or in memory/honor of a loved one
• Provide ongoing, annual support in perpetuity for LSS general use
• Fund the endowment via cash, securities or other giving vehicles
• Receive a tax deduction for each and every gift you contribute to the endowment

Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs, while the remaining funds are reinvested to ensure indefinite support.

Here’s how it works: A named endowment fund is established through the LSS Foundation, Inc. It can be funded with an immediate gift or a multiyear gift commitment (not more than five years), or through other instruments of cash or securities.

Many families choose to establish a named endowment through a current gift, planning to grow the endowment with additional gifts, memorials, and estate gifts. A named endowment can be named after yourself, a family member or someone influential in your life whom you want to honor through your perpetual support of LSS.

The Foundation is committed to being a good steward of all endowment funds. The Foundation Board establishes an Investment Policy. That policy is administered by the Finance, Investment and Audit Committee which directs the investment of endowment assets with input from a professional investment advisor/asset custodian (currently Wells Fargo Bank, N.A.). The Foundation Board also adopts spending policies designed to protect the principal amount and distribution capacity of endowment funds over time. The policy sets the maximum amount that may be distributed quarterly each year, unless otherwise instructed by the donor, based upon the value of the endowment’s assets. The 2023 policy allowed for the distribution of an endowment to be up to 3.5% of the trailing 20 quarters market value as determined each December 31st.

To request more information or to discuss your fund, please contact Cory Anshus, Director of Donor Engagement, at (414) 246-2319 or corrine.anshus@lsswis.org.