Frequently Asked Questions:
Q: What is an endowment fund?
A: An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested. Each year, any earnings in excess of the endowment floor are used to pay for Junior League of Corpus Christi’s general and administrative expenses. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity. When you establish an endowment fund, you create a permanent legacy of support of the Junior League of Corpus Christi.
Q: How much money does it take to start an endowment?
A: The Junior League of Corpus Christi began its Endowment Fund in 1990 with a floor of $100,000. In the 2015-2016 League Year, the floor was increased to $1,000,000 in order for earnings to sustain general and administrative expenses.
Q: Do I need to sign an endowment agreement or meet a minimum gift level if I want to give to an existing endowment?
A: No. You can make a gift of any size to the existing endowment fund without signing an endowment agreement.
Your Endowment gift will help the Junior League of Corpus Christi, Inc. to continue achieving its mission of Promoting Voluntarism, Developing the Potential of Women and Improving Communities.