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Endowment

Maintenance of the Engineers Club building is funded by donations from members and friends. The long term objective is to build a self-perpetuating endowment, with the interest income financing the care of the building. Endowment income currently provides 25% of what’s needed to cover annual historic preservation and renovation costs.

 

Your charitable donations can help us grow the endowment to maturity.

 

Gifts may be specifically designated for the endowment. Gifts given without restrictions are shared between current operating expenses and the endowment, to address today’s needs while saving for a rainy day. Or a gift may carry a temporary restriction to fund a particular item or event, reverting to the general fund after the need is over.

 

Tight safeguards govern the minimum percentage of a bequest or gift that must go to the Endowment principle. The principle cannot be appropriated by the Trustees without a vote by the total Club-Foundation membership.

 

Donations

The Foundation can accept gifts of: cash, securities, life insurance, retirement assets, life estates, charitable annuities, and bequests. The board must approve contributions of real estate, personal property or non-publicly traded securities.

 

Donors are recognized in the annual meeting program and on a plaque in the first floor hallway. As always, the names of anonymous givers are not divulged.

Request a Personal Meeting to Learn More

Learn about planned giving options and lifetime bequests. A Club or Foundation member with financial expertise and no vested interests will sit down with you to explain how planned giving options may result in tax savings and/or income to you. They’ll be glad to answer any questions clearly and without a sales pitch.

Orville Wright, co-inventor of the airplane and the fourth president of the Engineers Club of Dayton