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An endowment gift to Drake University today provides a brighter picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at Drake. The remaining funds are reinvested to ensure indefinite support.
Longtime Drake University supporters Susan and Charlie have two goals: First, they want to make sure Drake continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to Drake, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
Legal name: Drake University
Address: 2507 University Ave., Des Moines, IA 50311
Federal tax ID number: 42-0680460
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