In order to maintain, preserve and protect this sacred space we all know and love, The Wilson House Endowment Fund has recently been created for this specific purpose. With a gift of $95,000 from the estate of a supporter, along with an outright gift of $27,000 and a $10,000 pledge, the board of directors has established the fund for the preservation, restoration, and ongoing maintenance of The Wilson House and the Griffith Library. With $500,000 effectively in hand and more pledged, our initial fund-raising goal is an ambitious $2 million.
An endowment fund will ensure there will always be sufficient funds available so that The Wilson House and the Griffith Library can be maintained properly in perpetuity. An endowment fund uses the interest and income from investments made with the corpus of the fund. A reasonably conservative investment will generate a return of about 6% – 8%. Annually, 4% is withdrawn from the fund and the remainder is then conserved and continues to grow. The following is an illustration of how this works.
For example:
A gift of $10,000 will generate $400 per year ($10,000 x 4%)
A gift of $100,000 will generate $4,000 per year ($100,000 x 4%)
A gift of $1,000,000 will generate $40,000 per year ($1,000,000 x 4%)
An endowment fund differs from an annual fund in its vision and purpose. While your gift to the annual fund is critical to the operations of The Wilson House (staff salaries, food, beverage, housekeeping, linens, program expenses, etc.), the endowment fund supports the long-term maintenance needs of The Wilson House and the Griffith Library. Think of it as a savings account for the future, addressing all of the issues associated with aging properties. And both types of support are extremely important – first, to help cover the annual operational expenses, and second, ensuring the buildings remain in good repair.
Support of the Endowment Fund can be made through a direct gift or you may wish to consider a planned gift by including The Wilson House Endowment Fund in your estate plans. For more information, please contact:
Kimberly Norman, Executive Director
Phone: (802) 362-5524
Email: kim@wilsonhouse.org
The Wilson House Endowment Fund is the cornerstone of our long-term financial strategy, designed to ensure that our mission endures for generations to come. By contributing to this fund, you help us preserve the historical significance of The Wilson House while expanding our ability to offer a sanctuary for those seeking recovery and personal growth.
Your donation to the Endowment Fund is not just a gift; it's an investment in the future of our programs and services. These contributions provide a stable financial foundation, allowing us to continue offering workshops, retreats, and other recovery-oriented activities without interruption. Your support is crucial in helping us maintain the quality and availability of these life-changing programs.
The Wilson House is more than just a building; it's a place of profound significance in the recovery community. The Endowment Fund enables us to maintain and restore this historic site, ensuring that it remains a beacon of hope for those who walk through our doors. Your generosity helps us preserve the physical structure as well as the spirit of recovery that it embodies.
A contribution to the Endowment Fund is a powerful way to leave a lasting legacy. Your donation will continue to benefit The Wilson House and its visitors for years to come, providing ongoing support for our mission. Whether through a one-time gift or a planned donation, your support helps us extend our reach and impact more lives on the path to recovery.