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The
mission of TCF Foundation is to build endowed funds
to
ensure that The Compassionate Friends will always be
available for families following the death of a child
TCF Foundation
Q & A
WHY NOW?
Through the generous support of individuals,
corporations, and The Compassionate Friends' chapters, TCF is in the
strongest financial position in its history. In past years, any donation
to TCF was needed immediately to fund the activities of the organization.
While operating fund donations are needed and appreciated, we are now in a
position to also accept gifts that will build TCF's future.
HOW
IS GIVING TO TCF FOUNDATION DIFFERENT FROM GIVING TO TCF?
A donation to TCF can be
made in any amount, and that full amount can be used immediately by the
organization. These donations are very important to TCF each year. TCF
Foundation has been established to accept major gifts of $5,000 or more
for placement into an endowment fund from which distributions will be made
each year to TCF. As an endowment fund, only the earnings generated by the
fund each year can be distributed
HOW DOES TCF BENEFIT FROM TCF FOUNDATION?
Each year, TCF
Foundation’s Board of Trustees will use the earnings generated by the
endowment fund to make a financial distribution to The Compassionate
Friends. The larger the endowment fund’s balance, the more earnings will
be generated, and the larger the distribution TCF will receive each year.
A large gift to TCF Foundation’s endowment fund will ensure a steady
funding stream for TCF each year, enabling the organization to more
effectively plan for programs such as ongoing chapter leadership training.
For example, a one-time gift of $20,000 to TCF Foundation would probably
result in at least a $1,000 distribution to TCF every year
following that gift.
CAN I DONATE SOMETHING OTHER THAN CASH?
Absolutely! TCF Foundation is prepared to receive
contributions of stock, insurance, IRA's, bequests, and property. Please
contact TCF's national office for further information.
CAN I SPECIFY HOW MY CONTRIBUTION IS TO BE USED?
TCF Foundation will accept restricted-use gifts of
$20,000 or more provided the use lies within TCF's mission. The
foundation's board of trustees must approve restricted gifts. Of course,
only the earnings on the gifted amount would be available for use each
year.
WHAT IS THE GOAL OF THE ENDOWMENT CAMPAIGN?
Since only the earnings generated by the endowment fund
can be distributed to TCF each year, a large fund balance is necessary to
provide a steady stream of funding for TCF programs. Before the
campaign ends in July,2003, the campaign committee plans to raise at least
$1 million, which would provide approximately $50,000 per year to
TCF. We hope to exceed that goal. WHY
IS THE MINIMUM CONTRIBUTION $5,000?
It is essential to the financial stability
of The Compassionate Friends that the current levels of annual private and
corporate donations continue while the endowment fund is being developed.
The minimum donation to TCF Foundation was set at $5,000 to encourage
members and friends of TCF to continue their present level of giving to
TCF while considering, in addition, an exceptional—perhaps
one-time—gift to TCF Foundation that will have lasting value. Such gifts
may include highly appreciated assets and securities, insurance policies
no longer needed, or estate planning initiatives. The trustees may
occasionally open the fund to lower minimum gifts.
MAY I PLEDGE FUTURE GIFTS TO THE ENDOWMENT FUND?
Yes, pledges to be paid over a maximum of three
years are welcome. Thus, a donor may reach the $5,000 minimum gift amount
by pledging $1,700 for each of the next three years ($5,100 total).
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