The 29.11 Project is a fund raising campaign to establish a $1,000,000 principal basis (corpus) in The Ready Foundation (donor-advised fund).
Jeremiah 29:11 - "For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future."
What is an Endowment?
An endowment is a donation of money or property made to a nonprofit organization, with the goal of generating investment income for a specific purpose. The total assets, known as the principal or corpus, are intended to remain intact, while the investment returns and interest income are utilized to fund operations or programs aligned with the donor's intentions. This structure ensures the long-term sustainability of the nonprofit's initiatives while preserving the initial contribution.
1 of 1000 Endowment
1 of 1000 Endowment - The goal is to have 1000 individual contributions of $1000 in order to build the $1,000,000 principal basis of the Ready Foundation donor advised fund. The principal will remain in the donor advised fund and can be used only to generate interest or investment increase. The principal can never be used to issue charitable grants. The interest or increase can be used to extend grants to further the goals of Royal Rangers
Recognition for the contribution
-
Name placed in the listing with an official contribution number (i.e., 1 of 1000)
-
Receive a special Ready Foundation challenge coin.
-
Receive a certificate with contribution number.