Endowments…the gift that keeps on giving
Do you care about a particular community issue like the needs of children?
Anne Marie Kathryn White did, so she decided to leave a bequest in her will to Coastal Community Foundation (CCF) to create a fund to respond to those needs.
But Ms. White was wise enough to realize that specific charitable organizations come and go, so she made her fund a “field-of-interest” fund, which allows CCF to direct her charitable giving each year to the best organizations doing work in the “field” she cared most about.
Because Ms. White endowed her fund, it is still giving today and will forever. Here’s how that works:
- In 1992, her bequest of $131,000 created the Anne Marie Kathryn White Fund.
- Today, that fund is worth $223,000 and has awarded $123,000 in grants to organizations known to her and new in the field.
When Ms. White wrote her will, she may not have known what her bequest would mean to her community and especially to the children living in it.
She simply cared enough to plan for the needs of others. She truly embodies the idea that you plant a tree knowing that others will benefit from its shade long after you are gone. |
Ruby Cornwell Pendergrass
Judith Baird
Juanita Brown
Linda Plunkett
Kay Chitty
Pearlstine and Mendelsohn
Three Sisters
Anne Marie Kathryn White
Women Making a Difference |