BPACF has an organization endowment fund. This fund is a stable, predictable source of income for the benefit of a charitable cause or general welfare of the community. An Endowment Fund offers BPACF the advantages of: Investment in a larger pool of assets that can lead to greater growth, greater income and lower investment fees. Income at pre-set intervals from BPACF's portion of the pool of endowment funds. Exposure in the fund manager's annual report thereby reaching more donors than those of the BPACF donor list. Tax deductions for contributions/gifts at the highest levels allowed. Flexibility to choose to reinvest all or part of the income generated from the endowment. A Fund Manager that can offer donors more sophisticated planned giving devices such as charitable gift annuities and charitable lead trusts. The BPACF Endowment Fund provides financial support for the establishment of activities and programs to promote and develop educational scholarship funds. Endowment Funds are used to support programs and activities in the African American Community and other charitable activities. The Cleveland Foundation, the model for community foundations around the world, invests endowment funds for both longer-term growth and income. There are several ways and vehicles for contributions to the Endowment Fund: Cash or Stock Will or Trust Life Insurance IRA or Qualified Plan and Real Property with Lifetime Use. Federal Income Tax laws allow a deduction for gifts to qualified charitable organizations.