RIMEF Endowment Fund
Purpose of the RIMEF Endowment Fund
A gift to the RIMEF (Rock Island-Milan Education Foundation) Endowment Fund is an investment in the future of students across the Rock Island-Milan School District (RIMSD). Established to provide lasting financial support for RIMEF's mission, the endowment helps ensure that donor generosity continues to benefit students year after year. As funding needs evolve, earnings generated from the fund's principal will support eligible RIMSD41-led academic programs and activities approved by both the district and RIMEF's Endowment Fund Committee. By contributing to the RIMEF Endowment Fund, donors help create a sustainable source of support that advances student success today and strengthens educational opportunities for generations to come.
How the Fund Works
The RIMEF Endowment Fund is a permanently restricted fund designed to provide lasting support. Its principal, built through contributions from individuals, families, alumni, and businesses, remains intact. Only the interest and earnings may be used to fund activities, allowing the fund to support its mission for generations.
Every gift becomes part of a lasting legacy, strengthening the fund’s mission for generations to come.
How to Invest - Methods of Giving
Appreciated Stock
Donating appreciated stock is an effective way to support RIMEF while also enjoying tax advantages. Appreciated stock refers to shares that have increased in value since you purchased them. Typically, selling such stock could result in a capital gains tax on the appreciation. However, by donating this stock to RIMEF, you may be eligible for a charitable deduction on your personal income taxes and avoid the capital gains tax altogether.
Qualified Charitable Distributions (QCDs)
If you are age 70½ or older and have an individual retirement account (IRA), you can make Qualified Charitable Distributions (QCDs) directly from your IRA to the RIMEF Endowment Fund. QCDs can also be used to meet your required minimum distributions (RMDs). Beginning in 2026, eligible individuals can contribute up to $115,000 in QCDs annually, and these gifts will not be subject to taxation.
Traditional Giving Methods
RIMEF also accepts traditional gifts, including checks, credit cards, and online payments. Online contributions may be made securely through our PayPal Giving Fund, which ensures that no fees are deducted from your donation.
In Short:
Your Gift Changes Futures.
- Invest in Rock Island-Milan students through major RIMSD41-directed campaigns.
- Your generosity keeps working year after year, using only interest and earnings while preserving the principal.
- Responsible investment reviews help protect each gift and grow its impact over time.
- With a gift of $5,000 or more, you can create a lasting legacy of opportunity.
Make your gift today and help open doors for students for generations to come.
For more information or to make your investment in the RIMEF Endowment Fund , please contact the RIMEF at (309) 581-2154 or rimef@rimsd41.org
