Morningside manages your endowment. Each year, a fixed amount (as outlined in the endowment spending policy) is drawn down to spend, with the remainder reinvested. Your endowment will support Morningside’s mission, to the level of your annual gift, in perpetuity. It is the gift that gives forever.
Endowing your annual gift could be one of the most lasting and impactful decisions you make in your lifetime.
Each year, John and Sue give a gift of $1,000 to Morningside. By creating a $20,000 endowment, their annual donation will become a “forever gift”. Each year, a small percentage of the endowment (equaling their annual gift) will be spent. The rest will be reinvested, allowing John and Sue’s $1,000 donation to continue in perpetuity.