Endowment Care Cemetery Trust Agreement Aldoi Form
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People also ask
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What does endowment mean in a cemetery?
Endowment care cemetery means any cemetery, the authority of which does, or represents to the public that it does, collect funds for the purpose of caring for, maintaining, or embellishing the cemetery to preserve it from becoming unkempt or a place of reproach and desolation.
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What does "endowed" mean on a grave?
Some cemeteries also sell “endowed” or “perpetual” care services. This means the buyer pays money to the cemetery and the cemetery holds that money and invests it.
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What does it mean to receive an endowment?
Endowment funds are initially invested by donors for certain charitable purposes. They are usually established as trusts, which keep them independent of the organizations that they support. Endowment funds consist of cash, equities, bonds, and other types of securities that can generate investment income.
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What is the purpose of an endowment?
Endowments allow donors to transfer their private dollars to support public purposes with the assurance that their gifts will serve these charitable purposes for as long as the institution continues to exist.
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What is a funeral endowment?
An endowment fee is the fee that you will pay when you first bury a loved one in a cemetery. This fee will be tacked on to the rest of your burial charges so that you don't have to worry about facing an entirely different expense when burying a loved one.
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