Gifts to The Phipps endowment funds are invested. The original gift will never be spent, but the income from the investments can provide a source of funding for The Phipps for many years to come.
By remembering The Phipps in your estate plan, you help to ensure that this resource will continue to serve future generations. Some choose to give cash, appreciated securities or other assets. Others will designate The Phipps Center for the Arts as a beneficiary of:
- A will or revocable living trust
- A charitable remainder trust
- A savings account or certificate of deposit
- A 401K, IRA, or other qualified plan
- A life insurance policy
- A charitable lead trust
- A charitable gift annuity
Gifts for endowment in any amount are received with appreciation. Those who establish Named Endowments, make outright gifts of $5,000 or more for endowment, or inform The Phipps in writing of estate gifts for endowment will be recognized as members of The Legacy Society.