Bethel’s Foundation and Endowment Bring Financial Stability to University
Targeted News Service |
Benefits to Donors
The Foundation helps donors plan and steward their charitable giving based on their individual needs. And donors can use the services of the Foundation at no cost.
The Foundation's services include trust management, non-cash gift management, and charitable gifts. Hjelle says these are administered with the best possible stewardship and the utmost professionalism so that gifts such as real estate, securities, or life insurance are managed with maximum benefit for the donor and for Bethel. "We do this by staying current with laws that affect donors' situations and by helping them manage their donations responsibly and professionally in ways that meet their personal wishes," she explains.
Benefits to Bethel
The Foundation's second objective is accomplished through the management of the endowment, which, according to Hjelle, is similar to a household's or individual's savings account. "The endowment is the underpinning of an institution's financial stability, like a savings account for an individual," she points out. Donors set up endowments, which are restricted gifts that must be used in a way that matches the donor's specific intent.
Recent Gains
Like many investment portfolios, the Foundation's portfolios are fully diversified and invested in the financial markets and experience all that comes with being part of those markets. It has rallied back from the challenging economic climate of the mid-2000s, nearly doubling in size since 2011. As of
Local business leader
Staff-Board
Operating as an independent nonprofit, the Foundation is directed by an experienced 20-volunteer member
Board members are committed to "effective financial oversight and serving Bethel," explains Mazorol. These men and women are highly accomplished professionals with years of experience in a variety of specialties, including leadership, financial management, and legal services, with Benson leading the group for decades. Says Hjelle, "
History
Benson has been with the Foundation almost from the beginning. He brought a professional perspective to financial matters when he became active with the Foundation soon after its incorporation in 1971, and has served as chair of the
The Foundation's success originated in part with the launching of the now very successful academic business program at
Learn more about the
By
TNS 24KuanRap-141003-30FurigayJane-4884671 30FurigayJane
Copyright: | (c) 2014 Targeted News Service |
Wordcount: | 750 |
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News