ENDOWMENT “Do not go where the path may lead, go instead, where there is no path and leave a trail.” – RALPH WALDO EMERSON
Greenway Arts Alliance is pleased to announce the beginning of the public phase of our endowment
INVEST IN GREENWAY’S FUTURE WITH AN ENDOWMENT GIFT
campaign. Having raised over $2,000,000 toward our $6,000,000 goal through 25 years of operating our extraordinary social enterprise, the Melrose Trading Post, as well as the quiet generosity of numerous supporters, we now invite our broader community to join in to help us fully realize this inspiring vision of sustainability. We have followed Ralph Waldo Emerson‘s advice, and forged our own path with tremendous success. Won’t you help us reach our goal?
Raised over
$13M
directly to student programs
WHAT IS AN ENDOWMENT?
An endowment is a long-term investment in Greenway Arts Alliance that provides stable, financial support for programs, facilities, and staff, year after year in perpetuity. Will you make an endowment gift to Greenway? Your gift is invested, and part of the annual interest is distributed to assist with annual funding needs. To continue to grow our endowment, unspent earned interest is added to the investment fund, thus increasing the yearly distributions overtime.
Nationally recognized model for partnering with public schools
ENDOWMENT PROVIDES A STABLE FOUNDATION
Your gift will support: • Free art education programs • Theatre productions • Jobs and life skills training • Historic Greenway Court Theatre
BENEFITS TO GREENWAY
An endowed gift is made with the intention to preserve the principal value in perpetuity. Because of their permanence, endowments are among the most advantageous sources of funding for a nonprofit. Like all nonprofits, Greenway is subject to the volatility of the economy, especially considering our reliance on our social enterprise, the Melrose Trading Post. Endowments help ensure our commitment to the highest quality student programming, theater productions, and community building. Our unique ecosystem works, and we must assure funds are available to keep it flourishing.
While the most critical need is always for unrestricted funds, endowment gifts can be directed to more specific
MAKING YOUR ENDOWMENT GIFT
areas of interest like student programming and theater productions. The endowment can bear your own or your family's name, or honor other individuals or organizations. Endowments may be funded with: • Cash • Stocks • IRA charitable contributions • Donor advised funds • Charitable bequests in a will or a trust • Other forms of estate gifts If you’d like to help Greenway reach our $6 million endowment goal, please reach out to Pierson Blaetz via email at pierson@greenwayarts.org.
Greenway Arts Alliance 544 N Fairfax Ave Los Angeles, CA 90036 greenwayartsalliance.org
INCOME TAX DEDUCTION Gifts to Greenway Arts Alliance, whether outright or in trust, may qualify for the maximum income tax deduction allowed for charitable contributions. Consult with your attorney or tax advisor to determine the best form of charitable giving for your individual situation.