|
Parish
A
|
Parish
B
|
| Original
Gift |
$150,000.00
|
$150,000.00
|
| Amt.
Invested in Endowment (25% of gift) |
----
|
$37,500.00
|
| Amount
spent on maintenance/improvements: |
| Upon
receipt of gift |
$150,000.00
|
$112,500.00
|
| Year
1 |
----
|
1,875.00
|
| Year
2 |
----
|
1,931.25
|
| Year
3 |
----
|
1,989.19
|
| Year
4 |
----
|
2,048.86
|
| Year
5 |
----
|
2,110.33
|
| Year
6 |
----
|
2,173.64
|
| Year
7 |
----
|
2,238.85
|
| Year
8 |
----
|
2,306.01
|
| Year
9 |
----
|
2,375.19
|
| Year
10 |
----
|
2,446.45
|
Total
spent on maintenance/improvements over 10 years
|
$150,000.00
|
$133,994.77
|
Remaining
balance of gift, end of year 10
|
$0
|
$50,396.86
|
By placing a portion of the original gift amount into an endowment
fund, Parish "B" will be able to continue to draw
funds from the endowment to meet its needs while allowing the
principal amount to continue to increase in value. For more
information about endowment funds, contact Tom Thieken, Director
of Planned Giving, at 602-354-2401 or tthieken@ccfphx.org.
Assumptions: This example is based on an average
annual return of 8% and a withdrawal of 5% of the principal
balance each year.
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