Ken’s Corner

In this edition of Partners we will be discussing our recently established endowment.

A financial endowment is simply a “donation of money or property to an organization”,
usually with stipulations regarding its usage. Once our endowment reaches a sufficient
level, it will provide ongoing benefits by earning interest while keeping the core
endowment principal intact. In our case, our goal is to provide increased financial
stability for SVP operations in years to come. To illustrate, if our endowment reaches $5 million in assets, our annual distribution would offset 40% of our current operational
expenses. Our endowment is managed by the Inland Northwest Community Foundation (INWCF), a well established and respected local institution.

While I hope that you will consider a contribution to the endowment, it should not be in lieu of supporting our current operations. Aside from a direct gift, there are a variety
of ways that you can support SVP while achieving tax benefits, such as: IRA Charitable Rollovers, Bequests, Charitable Remainder Trusts and Charitable Gift Annuities. The tax advisors at INWCF are available to help with estate planning and planned giving.

We hope that future generations in our community will benefit by the foundation we are laying today. It is our goal to remain responsive to community needs, operate efficiently and remain privately funded.

Read more about the endowment fund

Do you need a speaker?
SV Partners would like to come speak to your group, club or
church. We have several speakers and depending on what your needs are we will find the correct speaker to meet your needs. Call us today and ask for Ken or Don.