THE ENDOWMENT FUND
BACKGROUND
The TUCSON Veterans was established under TUCSON to raise funds so as to secure a strong financial status for TUCSON. The SAEF is a tool for collecting money, and granting it to qualified causes including but not limited to Sacred Heart College (SHC), and causes approved by the governing board. The fact that contributors can deduct the amount of their gifts from their federal tax returns is an incentive that helps raise money. The TUCSON Veterans Bylaws are also very flexible, and allow it to participate in a wide variety of projects that might benefit TUCSON Veterans and her community.
Why is it critical?
The TUCSON will put TUCSON Veterans on a stronger financial foundation than ever before. Once fully funded Shesa-America will finally have enough money to serve its members better than it ever could before. Over the years TUCSON Veterans has only had enough money to do small one-off projects, and once that money was spent there was nothing left. The goal is for the TUCSON principal to be invested with gains reinvested, so that it can generate revenue for years to come and continue to grow independent of further fundraising activities. We would then be able to grant scholarships to new TUCSON Veterans, champion more and larger projects at SHC, etc.
Who can contribute to the SAEF ?
Any person, Committee or partnership may contribute to the TUCSON . And all of the contributions are tax-deductible! Like any public charity, the TUCSON may be named as a beneficiary in a personal will, and may be the beneficiary of a life insurance policy. If you would like to name the TUCSON as a beneficiary of your estate or insurance policy, please consult with your attorney to make sure that your wishes are given proper legal effect.