Endowment Gifts
An endowment gift allows you to create a lasting legacy that provides perpetual support for the Maritime Museum of San Diego. An endowment is a fund you can establish now or in the future to achieve the impact you desire, with income earned each year supporting the Museum’s mission.
Benefits of an endowment gift
- Establish an endowment during your lifetime and see its impact year after year.
- Receive an income tax deduction in the year you make your gift.
- Avoid capital gains tax when funding an endowment with appreciated property.
How an endowment gift works
- You make an initial gift to fund an endowment.
- The assets in your endowment are invested to generate income.
- Income is distributed annually to support the purpose you designate.
- You may add to your endowment during your lifetime or supplement it through your estate plan.
When you create an endowment, you sign an endowment agreement that outlines the scope and intended impact of your gift. Endowment funds are generally invested to promote stable, predictable growth, with a set percentage distributed each year in accordance with your agreement.
Learn more about establishing endowment funds through the San Diego Foundation→