Creating a Named Endowment

An endowment is a permanent fund of support for the purpose you specify. While the principal of your gift is invested and grows over time, distributions from the endowment are made annually based on the spending policy developed by the Board of Directors of the Hospice of East Texas Foundation. These distributions to Hospice of East Texas are designed to provide predictable revenue during volatile markets and to minimize the effects of inflation.

Endowment gifts held at the Hospice of East Texas Foundation are extremely valuable in enhancing the quality of Hospice of East Texas’ patient care. They are also especially important as support to programs that have no predictable funding source, such as educational outreach to the community, bereavement care and the volunteer and chaplaincy programs.

You can immediately establish an endowment through an outright gift using almost any type of asset – cash, securities, real estate or other property that can be liquidated. You may also make a pledge to the endowment to be paid over 3-5 years or fund the endowment through a bequest or other deferred gift. The minimum gift for a named endowment at the Hospice of East Texas Foundation is $25,000.

Creating an endowment allows you the benefit of naming the fund and gives the Hospice of East Texas Foundation an opportunity to recognize your generosity in perpetuity. You may express your regard for Hospice of East Texas or honor a relative, friend, or even a special medical provider.

If you are thinking about creating an endowment to support a specific purpose, we encourage you or your financial advisor to work with the development staff to ensure that your gift will accomplish your goals over time. We invite you to call 903-266-3402 or email Nancy Lamar, Vice President of Community Relations, at nlamar@hospiceofeasttexas.org.