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An endowment gift to Carle Health Center for Philanthropy today provides a brighter picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Carle Health Center for Philanthropy. The remaining funds are reinvested to ensure indefinite support.
Longtime Carle Health Center for Philanthropy supporters Charlie and Susan have two goals: First, they want to make sure Carle Health Center for Philanthropy continues to receive support after they are gone. Second, they want to create a lasting legacy for Charlie’s parents.
Charlie and Susan make a $25,000 donation to Carle Health Center for Philanthropy, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of Charlie’s parents. Plus, Charlie and Susan qualify for a federal income tax charitable deduction on their taxes.
Legal name: The Carle Development Foundation d/b/a Carle Center for Philanthropy
Address: 611 W. Park Street Urbana, IL 61801
Federal tax ID number: 37-1159978
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