| Endowments |
Creating EndowmentsThrough their generosity, the friends, donors, and alumni of Tommy Nobis Center (TNC) have helped us for 34 years to achieve remarkable accomplishments in assisting people with barriers to employment. Private philanthropy is critical to the Center's growth and ability to maintain its high standards of excellence. One way to ensure TNC's continued strength and excellence into the future is to build a strong foundation through endowment. What is an Endowed Gift?An endowed gift is one that is held in perpetuity. The gift is invested as a part of the Center's consolidated endowment, and only a portion of its average annual investment return is used for the purposes specified by the donor. To protect against the eroding effects of inflation, the remaining return is added to the principal, ensuring that the investment maintains its value over time. In this way, a donor who gives an endowed gift today can be confident that it will grow and continue to support TNC over many years to come. TNC's consolidated endowment consists of many different funds. Investment strategy is directed by our Board of Directors. This strategy is designed to preserve both capital and the purchasing power of the endowment. To ensure that the income an endowment earns is sufficient to achieve a donor's intent, both now and in the future, the Center has established minimum support levels for various types of endowments. The minimum amount required to establish an endowment may change from time to time to reflect our changing economy. Return to Making a Planned Gift
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Ray Simms is one of the Center's most motivated warehouse workers. And his attitude is contagious. When new clients (job trainees) come to the Tommy Nobis Center, Ray makes them feel welcomed, keeps them excited, and helps them too to find confidence and success. View Employment Opportunities.
