Half of your GiVE 365 donation supports grantmaking in the upcoming year and the other half goes in an endowment. Because GiVE 365’s programming and administration are fully supported by the Community Foundation of Greater Memphis, you can be assured that the entirety of your donation will go towards grantmaking to nonprofits, now and in the future.
An endowment is a way of investing that ensures a permanent source of funds for GiVE 365. The principal of the endowment fund is never spent, and it can grow over time to generate an increasing stream of funding devoted to fulfilling the mission of GiVE 365. Your gift—and all future income from your gift—is a permanent source of community funding that makes good works possible, forever.
Gifts are treated as follows:
- Annual membership gifts, matches, and general donations from $365 to $3,649 may be paid as one-time gifts or installments. These are allocated 50/50 between the GiVE 365 annual grant fund and the GiVE 365 endowment fund.
- Some GiVErs have chosen to become Lifetime Members, contributing $3,650 or more. Lifetime Membership gifts are allocated at 5% to the GiVE 365 annual grant fund in the year received, and 95% to the GiVE 365 endowment fund. Exceptions to this treatment may be made for gifts with restrictions, such as foundation grants.