Named Endowment Funds
Would you like to give a very special gift to Aurora St. Luke's Medical Center – one that will express your lasting concern for the health and welfare of your community? If so, perhaps you may consider a named endowment fund.
Named endowment funds are extremely important to the hospital. They offer permanent financial resources and allow the hospital to make plans for the future, ensuring St. Luke's viability.
There are many ways to identify your fund. You can recognize it with your name or with the name of someone else, such as your parents. You can also designate your fund for a specific purpose such as education or research. A permanent plaque recognizing your named endowment will be placed in St. Luke's distinguished recognition area.
With a gift of $25,000 or more, a fund can be established in your name or a name of your choice. The contribution you make will remain intact, with only the income from the principal available for use. You and others may continue to build on your initial investment. You can commemorate anniversaries, birthdays and other special occasions by adding to your fund.
You may establish a named endowment during your lifetime with a gift of cash or appreciated property. Your fund can also be designated through a bequest in your will or by establishing a life income gift, where you retain the income during your lifetime. As a charitable contribution, your gift is tax-deductible as provided by law.
Your endowed fund will be professionally managed and St. Luke's Medical Center will ensure that your funds are used for the purpose you have specified. You will be kept up to date on your fund so you will have the satisfaction of knowing how your gift is helping others.
For more information on establishing a named endowment, please call 414-649-7122.