ENDOWMENT

An Endowment Changes the Lives of Future Generations…

 

Charlotte Rescue Mission is transforming lives in the name of Christ by serving people struggling with addiction, poverty or hopelessness with the goal of returning them to society as productive, self-sufficient citizens. We are a leader in providing Christian-based residential recovery programs that help people struggling with the disease of addiction achieve long-term sobriety, find employment and stable housing, and restore and build healthy relationships.

 

After 79 years of serving the Charlotte community, we have launched an endowed fund that will be used for ministry purposes. The Charlotte Rescue Mission Endowment will provide long-term, sustainable funding for our programs. The primary purpose of an endowment is to build a reserve that will create financial stability for our organization. That stable source of funding is critically important during tough financial times so that fluctuations in donations don’t require cuts in programs, services, or staff. An endowment also sends a positive message to the community and to other funders that we are a strong organization worthy of their investment. We have served the community well for 79 years without relying on government or United Way funding, and we believe this endowment is proof of our long-term sustainability.

 

In addition, an endowment provides an opportunity for donors to make a gift that lives in perpetuity. A family name can live on, changing the lives of people in future generations. Any donors who make a gift of $5,000 or an estate commitment of $25,000 by December 31, 2017, will be recognized as Founding Funders and have permanent recognition at the Mission. A gift to the Charlotte Rescue Mission Endowment guarantees that your love and support of men and women suffering from addiction will go on forever. Please join 56 other Founding Funders that have committed over $600,000 to the CRM Endowment.

 

Ways to fund the Endowment include:

  • A tax free gift to the Endowment from your IRA or pension plan if you are 70 1/2
  • Taking the required disbursement from your IRA and having the gift sent directly to the CRM Endowment to receive a tax deduction
  • Sell appreciated stock and have the proceeds sent directly to the CRM Endowment to avoid tax on the appreciated amount and receive a tax deduction for your gift
  • Change the beneficiary of your life insurance policy or IRA for a percentage to go to the CRM Endowment

 

The Charlotte Rescue Mission Endowment is a separate 501(c)(3) and has its own tax ID: 47-2414761.

 

To make a gift to the Charlotte Rescue Mission Endowment and/or to discuss becoming a Founding Funder please contact EJ Underwood at 704-333-4673 ext. 204 or EJ.Underwood@charlotterescuemission.org. Please discuss your plans with your accountant or financial adviser before making any major financial decisions.