DONATE TO OUR SCHOOL
Your endowment gift will ensure that Eagle Collegiate Academy, ECA will continue to provide an excellent instructional program to our scholars!
An endowment fund serves as an institutional savings account. Interest or investment income is used to offset operational expenses, provide needed scholarships, support professional opportunities for faculty, pay for facility maintenance, just to mention a few of the many items that can be funded.
Typically, most of the fund is preserved and is held as an investment in perpetuity with a portion of the income designated to one or many specific purposes. Investment income over a designated amount (set by a formula) is usually retained in the fund to provide a protection for future inflation.
Donors have the option of establishing a named endowment designated for a specific purpose and/or named in honor or in recognition of an individual, parent, loved one, or colleague. Other donors give to existing endowment funds or to unrestricted general endowment. Certain types of future gifts can also augment the endowment and at the same time provide for recognition in a current campaign.
ECA’s philosophy of making a quality instructional program available to as many students as possible underlines the need for increased endowment for need-based financial assistance as well as to provide faculty with exceptional professional development opportunities. Our Board oversees that the funds are well-managed and cautiously invested for growth.
Types of Planned Gifts
Bequest - Donors often use bequests in their wills to make planned gifts. As with current gifts, bequests may be designated as unrestricted, giving the School the most flexibility, or restricted to a specific purpose, although limitations are suggested to be kept to a minimum.
Life Insurance - Donors can give policies of permanent life insurance to ECA. For the premiums to be tax-deductible contributions, ECA must be owner and beneficiary. Policies may be new, have premiums remaining to be paid, or be fully paid and owned for several years by the donor. If new, the donor can make a one-time payment to fund the policy or make annual premium payments.
Real Estate provides a good opportunity for charitable giving to ECA.
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