Convoy of Hope Foundation


A Never-Ending Legacy

Throughout our lifetime, most of us strive to make a difference in the lives of others, providing gifts to the people and causes we value. Wouldn’t it be nice to know that you could continue to change lives even after you are gone, creating a legacy of support for the causes most important to you? By creating an endowment with Convoy of Hope — or adding to our existing endowment — you can give a gift that lasts forever.

How It Works
You give cash, securities, or other assets to Convoy of Hope Foundation for a new or existing endowment.

Determine if your endowment will fund a specific program or service, or be given without restrictions — allowing Convoy of Hope Foundation to direct the funds to our most critical needs.

We use a small portion of the fund to support our mission, and the balance remains invested to perpetuate the endowment.

Tip: You can use an endowment gift to honor someone important to you who appreciates the work we do. Consider designating your endowment in his or her name as a way to celebrate them.


A Quick Example

Sam wants to support our annual needs by writing a check for $5,000 to Convoy of Hope each year. Sam qualifies for a $5,000 federal income tax charitable deduction (when itemizing taxes) each year the gift is made.

Sam would also like to leave a legacy and makes a generous estate gift of $125,000 to establish a new endowment at Convoy of Hope Foundation. This is the amount needed to ensure Convoy of Hope Foundation continues to receive the annual $5,000 into the future. (See chart.)

Sam is able to support our current needs while living with annual gifts. After Sam’s lifetime, we use a portion of the endowment each year to fund our programs and reinvest the remainder, allowing it to grow and support annual payouts indefinitely.

If your annual gift is: Amount needed to endow your gift forever*:
$2,500 $62,500
$5,000 $125,000
$10,000 $250,000
$20,000 $500,000
*At a 4 percent endowment spending level, 25 times an annual gift amount equals a perpetual gift.

4 Key Steps to
Creating an Endowed Gift

  1. Put It in Writing
    If you are creating an endowment through your will or living trust and want it to be for a specific purpose, in most cases, you must explicitly state this. If you are establishing one during your lifetime, Convoy of Hope Foundation will work with you to outline how you want it to be used.
  2. Determine the Amount Needed
    If you are creating an endowment today, Convoy of Hope Foundation can inform you of the minimum amount required. If you intend to create one through your estate, Convoy of Hope Foundation recommends you specify a set amount in your will or living trust, then include a provision directing your executor or personal representative to distribute more funds if needed, should minimums change.
  3. Include Safety Language
    Nationwide, millions of dollars directed to specific purposes sit idle in bank accounts because the funds are no longer needed. We encourage you to include a statement that allows Convoy of Hope Foundation to redistribute the funds to another area if the original purpose is no longer necessary.
  4. Lean on Convoy of Hope Foundation for Help
    We respect the personal nature of these decisions and have experience with the sensitive issues involved. Convoy of Hope would be glad to consult with you to help ensure that your wishes are satisfied.

Next Steps

We would love to work with you to help you create a lasting legacy that honors your values for many years to come. Please contact us today to learn more about establishing an endowment with Convoy of Hope Foundation.

Mary J. Vogen
Global Strategist, COH Foundation
Phone: (417) 447-3693
1 Convoy Drive
Springfield, MO 65802

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Someone from Convoy of Hope will be in contact with you soon. If you need to speak to us immediately, please call us at (417) 447-3693.