What is an Endowment like BeaconProject.Charity Education Endowment Fund II?

What is an Endowment?

An endowment like BeaconProject.Charity Education Endowment Fund II is a donation to a nonprofit organization, meant for investment. The earnings support specific purposes, while the main amount, or "principal", remains mostly untouched.

Quick Facts:

Policies of Endowment?

Endowment Types:

There are four main types of endowments:

Generally, endowment terms must be respected. However, in financial crises, courts might allow slight adjustments to uphold a donor's intent while aiding an institution's stability.


BeaconProject.Charity's Endowment Fund II Overview:

The fund encompasses all four endowment types:

Requirements for Endowment Management

Roles of Endowment Managers:

Legal Requirements:

Taxes:


Harvard University Endowment: A Brief Example Overview

2020 & 2021 Performance:

Fund Allocation:

Financial Details:

Student Support:

General Insight:

What is Donor-Advised Fund, such as Scholarship.Fund?

A donor-advised fund (DAF) is a philanthropic giving vehicle administered by a public charity, such as BeaconProject.Charity Education Endowment Fund II, Inc., created to manage charitable donations on behalf of organizations, families, or individuals. A DAF allows donors to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time.

Here's how it generally works:

DAFs are popular because they allow donors to take a tax deduction in the year of the donation, even if the funds are distributed to charities in future years. They also offer donors a streamlined way to give to multiple nonprofits without managing separate records and transactions. It provides a flexible and simplified means of giving, with various potential benefits depending on the specific rules and policies of the administering charity.

US Gift Tax IRS Form 709 P1

Anyone can give anyone else a gift under a certain amount without paying U.S. gift tax. Please listen to the video for details.

US Gift Tax IRS Form 709 P2

Currently a couple can give a child $34,000 in 2023 without paying gift tax, and in life time $12.92 million USD now in total.

BeaconProject.Charity Endowment Fund II

An IRS 501(c)(3) Public Charity Fundraising Channel for 18 such Funds as Scholarship.Fund:
BeaconProject.Charity is committed to supporting millions of promising students from all backgrounds. Our mission is to nurture the next generation of elite talents, helping to keep America a "City Upon A Hill," shining as a Beacon Of Hope for the world.

Whether you're from a middle, upper, or low-income family, if you strive for excellence in learning, we are here to help you reach that grand goal. Middle and upper-class families can utilize donor-advised funds like Scholarship.Fund to set up scholarships of up to $34,000 for one child as the beneficiary. Since we are an IRS 501(c)(3) public endowment fund across schools, your contributions would be tax-deductible if funds were to be used for the elite education. However, there might be a cap for your tax-deductible amount in total scholarships, please consult with a U.S. tax expert for details.

Low-income families aren't left behind. Launch a GoFundMe campaign for training-related scholarships or reach out to your community's affluent individuals or businesses to support your cause under our public endowment fundraising channel. Search for "Beacon Project Dot Charity" on GoFundMe to start.

Join us in this vital effort to redefine excellence in education across America. Your support, whether as a donor or aspiring student, ignites the path towards a brighter future for all. Donate to BeaconProject.Charity today, and let's light the way together.