An endowment in the Ernie Barrett Athletic Endowment Society is created through the establishment of a permanent fund that is invested and managed by the KSU Foundation. A portion of the annual interest income generated is used to carry out the donor’s designated purpose — helping to fund scholarships for K-State student-athletes. Income earned in excess of the annual amount spent is added back into the endowment so that it continues to grow and maintain its purchasing power for future generations.
There are many ways a donor may choose to establish an endowment in the Ernie Barrett Athletic Endowment Society. Gifts of cash, stocks and planned gifts such as charitable trusts and bequests are all common ways to fund an endowment. Charitable annuities, real estate gifts and life insurance are other forms of giving. Your gift may reduce taxes due on your income, capital gain, and estate settlements. Substantial advantages also are available through donations of property or appreciated securities.
When you make a gift to the Ernie Barrett Athletic Endowment Society, it can either be outright or deferred (such as through a bequest or will). Either way, your contribution, when received, establishes a legacy of annual gifts well into the future. Your gift may help you eliminate taxes or benefit from an increased income stream. No matter how you give, you will be helping K-State Athletics in a very significant way.
This chart can help you with determining the type of gift that is right for you. You are encouraged to consult with your financial advisor or contact the K-State Athletics Department Development Office at 785-532-6910.
