Planned giving that invests in the long-term support of the ongoing work of the masjid.
Why Should Dar Al-Hijrah have a Waqf Fund (an endowment)?
Will bring more resources to fulfill an organization’s mission
Can use its income to help fund core expenses that project funding often overlooks
Can be a vehicle to attract, through planned giving, a greater proportion of the pending and very large inter-generational transfer of wealth to go to the charitable sector.
Can promote long term organizational financial planning
Will diversify income and reduce dependency.
Will create an opportunity for current funds to increase their support in a highly strategic way.
Can create a sense of permanence that benefits the organization by strengthening the institution and its stakeholders, enabling increased attention to achieving long-range program objectives, and flexibility in working towards those goals.
Can help be a catalyst for other strategic and organizational changes enhancing an institution’s adaptive qualities,