The Endowment Fund: A New Asset Management Tool

The act of giving and generosity is the very essence of every human being. We give more today than we did yesterday, and we will give even more tomorrow. In addition to the fight against cancer, AIDS, and shortages in medical care, we now face social inequalities, the growing global fight against famine, education for the most disadvantaged, and relief for natural disasters. The legal frameworks governing these efforts are no longer adequate and date back to 1901. Endowment funds are the future. They provide an international profile and optimize the tax treatment of donations while improving the management of donated assets. Like the Bill Gates Foundation, endowment funds will enable generous donors to help create a better world for those in need.