Many of us make gifts to charity throughout our lifetime. We give regularly to our church or other favorite charities to support the causes that we feel strongly about. Why not make those gifts last by beginning an endowment through the Hillsboro Community Foundation’s 10K Club?
What is an endowment?
An endowment is a permanent fund which is invested to earn income to be given to your designated charities. The principal amount is never spent. Only the income is distributed. This allows the charities to receive an annual gift from an endowment forever. An endowment creates a lasting gift that gives again and again…and again.
How the 10K Club works
The 10K Club allows you to begin an endowment to support your favorite charities. You agree to contribute a minimum of $1,000 per calendar year for the next 10 years or until your 10K Club account reaches a minimum of $10,000. Once the account reaches this amount, you will have the option of recommending a distribution of 5% of the balance of the account. You may choose to have the entire 5% go to one charity, or you may choose multiple charities (with a minimum distribution of $100). You may also elect not to make any recommendations and allow the money in the account to grow and be used for future gifts.
As a member of the 10K Club, you will receive newsletters and invitations to 10K Club events. However, the most rewarding part of membership is supporting the causes that are important to you and making a difference in the lives of others!
Please click the following link to download a pdf and mail it to the following address:
Comments or Questions:
Hillsboro Community Foundation
P.O. Box 273
Hillsboro, KS 67063