NeighborWorks News

NeighborWorks Endowment

NeighborWorks Endowment

Katie Batterbee - Friday, June 09, 2017

The NeighborWorks’ Great Falls Endowment goal is $2.5 million. These funds will allow NeighborWorks Great Falls to help 100 families into homeownership, every year, forever.

NeighborWorks Great Falls started an Endowment fund several years ago, after the death of long-time supporter Frank Shaw. Jump started by a $100,000 gift from former Board president and neighborhood resident, Bill Roberts and the Roberts Family Foundation, the Endowment has now grown to just under a half million dollars.An endowment is a donation of funds held in perpetuity for a charitable benefit. The earnings from the endowment are used to support the work of NeighborWorks far into the future. An endowment can be funded in a variety of ways, including cash, securities or a bequest in your will.The state of Montana has the unique advantage of the Endowment Tax Credit, where the donor receives a tax credit of 40% of the value of the donation of a planned gift. A planned gift can be a gift annuity, a life insurance policy or similar type of gift. For businesses, the Endowment Tax Credit offers a 20% tax credit for a cash or other gift and does not require a planned gift.Under the capable direction of board member Cari Yturri, the Endowment Committee is working on the next stage of the Endowment, preparing to ask NeighborWorks supporters to make an investment in our future by pledging to the Endowment.

A gift of $25,000 provides enough earnings to create one new homeowner every year forever. A gift of $50,000 supports two homeowners forever and so on. NeighborWorks’ supporters who make an Endowment gift will know that their generosity will live on through local homeowners for years to come. For more information, please visit the NeighborWorks Great Falls Endowment Page.

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