Endow Your Annual Gift

Make your forever gift today.

Make your annual support last forever by including us in your will or trust and give a gift that will be used each year, every year, forever to benefit Concord Hospital. Endowing your annual gift provides a way for you to play an enduring part in fulfilling the Hospital’s charitable mission, while providing us a steady, reliable source of income that the Hospital can apply to meet the most urgent healthcare needs in the communities it serves.

How it Works

Concord Hospital manages the endowed gift amount, a fixed amount of your gift is spent annually, as determined by our endowment spending policy, and the Hospital reinvests the difference.

Take, for example, an annual gift of $1,500. How much would it take to endow that gift so we could receive that amount indefinitely to support the Hospital? If, say, the Trust’s policy for spending endowment income is 5% annually, simply divide the annual gift amount, $1,500, by 5% and you get $30,000. By making a $30,000 endowment gift, the $1,500 annual gift continues indefinitely.  

Applying the above principle to any given situation we see that, at a 5% endowment spending rate, twenty times an annual gift amount equals a perpetual gift endowment. If your “forever gift” is $25,000 or more, you could even name the fund after a loved one or someone you want to honor or thank.

As an added benefit, the spending policy of the endowment allows the asset value and thus the annual income to grow to offset inflation. Because of this increase, you can actually increase your gifts over time. Endowing your annual gift could be one of the most lasting and impactful decisions you make in your lifetime.