How can I establish a fund with the Foundation for Southeast Texas?
  • You may give cash, appreciated stocks, real estate, or other assets.

  • We set up a special fund with an agreement between you and the Foundation either in your name, in the name of your family or business, or in honor of any person or organization you choose.

  • You receive tax benefits in the year your gift is made.

  • Based on the type of fund you establish, you may be able to stay involved in the good works your gift makes possible. You can recommend an area or organization you'd like your gift to support, or rely on the foundation's experienced program staff to determine and address the areas of greatest need in our community.

  • Our board issues grants in the name of the fund you establish (if you prefer, grants can be made anonymously).

  • We handle the administrative details.

  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants. Your gift – and all future earnings from your gift – is a permanent source of community capital, helping do good work forever.

  • You may also give to the Foundation through your will

 

For more details, contact us.

Each fund held by the Foundation for Southeast Texas is subject to two fees:

  1. Management fees are set by the Board of Directors and are used by the foundation for administrative and program costs. Currently each fund annually contributes one percent of the December 31st market value of the fund.

  2. Investment fees are set by the investment managers under contract with the Foundation. The Foundation's pooled assets are managed by the Trust Department of Capital One National Bank. Currently the fee is 0.60% of the total value of the fund. Fees are shown on quarterly statements and the Foundations Annual Report.

 

There is so much more we’d like you to know.
For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or
 
contact us.

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Foundation for Southeast Texas / T 409.833.5775 / F 409.833.7885 / P.O. Box 3092 Beaumont, Texas 77701