If you are considering philanthropic giving, there are many advantages to creating an endowment at the San Angelo Area Foundation. Some of these advantages include:
Full time management of funds by professional money managers.
Access to major money managers and other services due to economies of scale (Russell Investment Group is the primary fund manager).
Reduced exposure to expenses associated with investments due to aggregation of other endowed funds in the investment pool.
A separate board of directors and staff dedicated to the fiduciary responsibility of managing the endowment.
As a third party fiduciary, other potential donors feel more secure in making gifts and bequest to an endowment at a community foundation.
Quarterly statements and disbursements (as needed).
Annual independent audit of funds.
Inclusion as a named endowed fund in marketing material and annual report.
Increased exposure of the fund to other potential philanthropists.
Assistance with planned giving presentations and estate planning information.
Charitable Gift Annuities that eventually benefit endowed funds for charitable causes of the donor's choosing.
No need to create a separate 501c(3) organization.
