Establishing an endowed fund at St. Louis Children’s Hospital is a great way for donors to leave a permanent legacy of compassion for children.
Endowments are ongoing funds which may be established for a specific purpose designated by the donor and provide the hospital with a long-term financial resource. An endowed fund is “the gift that keeps giving,” because it generates annual income for the hospital. Endowment funds are invested and each year a portion of the fund’s income is used for the hospital program or service designated by the donor, while the rest of the return is re-invested to preserve and grow the original gift.
An endowment can be established at Children’s Hospital with an initial gift of $25,000 or more. Donors can name the fund after their family, a loved one or themselves. These special gifts are recognized in the annual report and on the hospital’s donor wall with the name of the endowment fund.
St. Louis Children’s Hospital Foundation is here to guide you through the process of creating an endowment fund. For more information, please contact Jackie Chambers at 314.286.0978 or Jackie.Chambers@bjc.org.