Women’s Giving Network of Wake County establishes endowment
The same passion that led to the creation of the Wake County Women’s Giving Network has also helped to drive the establishment of an endowment, the first among NCCF’s local giving circles.
A few targeted events cultivated enough lead gifts to reach the $10,000 minimum required to set up the Women’s Giving Network Endowment. The membership is making plans to constantly encourage its growth, according to Liza Roberts, Women’s Giving Network president.
The endowment is a great strategy for ensuring a stable, predictable source of income for the Network, Roberts said. “Income from the endowment can either help defray some of our operating expenses or be reinvested into the fund,” she said.
The endowment also signals that the Women’s Giving Network is serious about sustainability and longevity and allows a vehicle for contributing to our work through gifts.
Other benefits of the endowment are outlined here.
“The Women’s Giving Network of Wake County has set the bar for philanthropy in so many areas,” said NCCF CEO and President Jennifer Tolle Whiteside. “The establishment of an endowment is another example of their leadership in the area of women’s philanthropy.”
For more information about the Women’s Giving Network Endowment or to make a gift, email Jeanne Lawson or call her at 919-256-6914.