A gift to the endowment fund continues to provide support for years in the future. Each year, only interest is distributed into the foundation general fund. If you would like to donate from your IRA, you can receive a deduction for the entire donation up to $100,000 per year. There are no state or federal taxes due on the donation withdrawn. Tell your accountant when you receive the 1099 that it was a charitable contribution. If you would like more information, please contact us at email@example.com.