Burr Oak trees in front of our Meeting
House have graced our grounds for years. A special endowment fund in
their name enables members and attenders of our Meeting to make a
perpetual gift and fund the life of our Meeting, perhaps for centuries.
The Burr Oak Endowment Fund of Downingtown Friends Meeting, approved
at the March 2007 Meeting for Business, will provide income for groups
of young Friends to travel nationally and internationally for workshops,
work camps, and peace conferences, or for scholarships for students
attending Quaker schools. Our meeting will decide together how the
income from these funds is to be used, unless specified by the donor.
Those members and attenders who contribute to the Burr Oak Endowment
will be honored at an annual dinner in the fall.
Anyone can add to the fund by giving outright gifts directly to the
Fund. Funds will be invested with the Friends
Fiduciary Corporation, allowing our Meeting to have access to a
small percentage of the Fund for spending each year.
You also have the option of making Meeting a part of your estate
plan. At the time of death, the principal will pass to our Meeting. The
most common planned gift is a bequest, simply made through a will.
Donors often designate specific purposes for bequests to Meeting. If a
bequest is undesignated, at least half of it will go to the Burr Oak
Endowment Fund. However, Meeting can direct all of an undesignated
bequest to the endowment if it so wishes.
An attractive planned way of giving to Meeting is through a
charitable gift annuity, which provides a fixed lifetime income payment
to whoever the donor designates. In addition, the donor will receive
federal income tax benefits at the time of the gift. Annuity rates are
tied directly to the age of the income beneficiary at the time the gift
is made. The older the annuitant is at the time of the gift, the higher
the rate. The minimum gift to establish an annuity is $5,000. The
minimum age for the annuitant/income beneficiary is 50.
The 4rd annual appreciation dinner of the Burr Oak Society of our
Friends Meeting occurred October 24, 2009 with all of 12 members
present. The dinner is the way Meeting shows its appreciation to those
making a commitment to Meeting's Endowment Fund. Contributions can be by
cash or by naming our Meeting as a beneficiary in a will, IRA, insurance
policy, or with a charitable gift annuity. To talk about even more ways
of helping to ensure the long term effectiveness of our programs, talk
with any member of the Endowment