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The Endowment Fund provides a firm
foundation for Orange County Buddhist Church to meet its present and future
financial needs.
The Endowment Fund's goal is to assist in
fund development for Scholarships, Eitaikyo Fund (a perpetual fund for
emergencies), Building Fund, and for other purposes as the need arises,
including social welfare, ministers’ welfare, and assistance to ministerial
candidates.
The Endowment Fund will also invest
discretionary funds in long-term investment vehicles that will enhance the
financial future of OCBC in its efforts to promote the teachings of Jodo
Shinshu Buddhism.
An endowed gift is one that is given to
provide income for OCBC and is normally invested and held in perpetuity to
support vital programs. A portion of its investment return is used to meet
immediate needs and the remaining investment return is added to the principal to
guard against inflation.
Previously, our sources of income have
been limited to temple dues, Hanamatsuri and Obon Festival receipts and
individual donations. As our facility ages, the General Fund is tapped
often for extraordinary expenses such as repairs to the roof, the parking lot
and gym floor.
If you are considering a gift to OCBC,
please consider using the Endowment Fund as a vehicle to make your contribution
of funds, trusts, cars, boats, stocks, property, or other assets to OCBC.
Incorporating a charitable component into your estate plan is one of the most
effective ways to preserve a greater portion of your estate for your loved ones,
while supporting OCBC.
Depending on the type of asset given, and
the type of gift arrangements selected, it is possible for a donor to:
- enjoy savings on Federal and State income taxes (including capital gains taxes) and even transfer taxes. The income tax savings can be immediate.
- receive income for life from the gift
- direct your gift to an area of specific interest to you (i.e. scholarship, building etc.)
- create a plan where you make the decisions, not the State of Federal laws.
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