Like all gifts that benefit Mona Foundation, endowed gifts contribute to high quality education, girls empowerment, and community transformation initiatives.
Endowments are particularly powerful because they deliver a dependable, perpetual source of funding. Your gift to establish an endowment is an investment in the future—one that makes a real difference in the lives of the thousands of students we support by enhancing Mona Foundation’s ability to sustain its "lifesaving, lifechanging, and transformative mission."
The Mona Foundation’s Endowment Fund is composed of restricted funds established by donors in support of Mona’s overall mission, or for specific purposes, such as named scholarships or in memoriam. Endowed funds are unique in that the total amount of the gift is invested. Each year, once the full endowment goal of $5 million is realized, a percentage of the endowment’s 36-month rolling average is distributed to benefit the Mona Foundation's programs. The rest is reinvested to ensure growth, maintaining the fund’s future spending power. In this respect, an endowment is intended to be a perpetual gift.
Considered a measure of an institution’s long-term strength, endowments are essential if Mona is to remain a leading nonprofit. An endowed fund can also be established through an estate or planned gift, and is a great way to link your legacy with Mona’s future.
Education is the key to eliminating gender inequality, reducing poverty, creating a sustainable planet, preventing needless deaths and illness, and fostering peace. In our knowledge economy, education is the currency by which nations maintain economic competitiveness and global prosperity.
Your Mona Foundation endowment provides a permanent funding source that will support the education and empowerment of students in need for generations to come. Your endowment also ensures Mona's ability to recruit and retain exceptional talent, and provides critical funding to support our partner organizations globally.
The Mona Foundation Endowment Fund of $1 million contributed by its Board members and donors has steadily grown over the past three years. Endowed contributions towards our goal of $5 million from loyal donors and friends will help Mona Foundation realize its mission to alleviate global poverty and build more just and prosperous communities for all.
In establishing an endowment with the Mona Foundation sustain support in the area of your choosing, and you will feel satisfaction in knowing that you have invested in something you care deeply about. Through your endowment, you may also build a stronger connection with the students and the programs that benefit from your generosity.
Endowments are an excellent way to honor someone special or to memorialize a loved one. Your family, friends and colleagues may choose to support the endowed fund you created and named because they know how special it is to you. Your family will enjoy a long relationship with Mona Foundation built around support for something you value.
An endowed gift is made with the intention to preserve the principal value in perpetuity. Because of their permanence, endowments are among the most advantageous sources of funding for the Mona Foundation. Like all nonprofits, Mona Foundation is subject to the volatility of the economy. The Foundation, and our critical services, however, must endure despite market ebbs and flows.
Endowments help ensure sustained services to our most vulnerable students even if other funding sources become less reliable. Consistent funding provides our partner organizations the assurance they need to sustain their vital services without interruption.
Endowments may be established to fund student scholarships, girls empowerment initiatives, infrastructure expansion to scale access, as well as areas of highest priority across our portfolio.
Establishing an endowed fund at Mona Foundation is easy. The board president or treasurer will guide you through the process and discuss options that fit your situation. The procedure for endowing a fund is as follows:
Congratulations on your decision to create an endowment. Once you contact us, Mona Foundation's president or treasurer will provide you with all the pertinent documents, and will work closely with you to define the features of your endowment fund to meet both your wishes and the needs of the Foundation.
Mona Foundation President or Treasurer can be reached at 425-210-8720 or by email, endowment@monafoundation.org.
Income Tax Deduction: Gifts to the Mona Foundation, whether outright or in trust, may qualify for the maximum income tax deduction allowed for charitable contributions. The Foundation recommends that you consult with your attorney or tax advisor to determine the best form of charitable giving for your individual situation. The federal tax identification number for Mona Foundation is 91-1968512.
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