Endowment Fund

What is the Endowment Fund?

Our Endowment Fund offers an exclusive opportunity to ensure the long-term stability of the TISA through a waqf, or religious endowment. Establishing an endowment is an effective way to ensure that your interests and values, as a donor, are maintained in perpetuity and to support the ongoing growth and development of the institution.  A waqf is one the most blessed and rewarding forms of charity one can establish in their lifetime as it serves as a sadaqa jaariyah (continuous charity) which will continue to benefit the donor in this life and the next, insha’Allah. 

Our Mission

TISA’s mission is to cultivate generations of world class doers and thinkers who lead from an Islamic paradigm while engaging contemporary challenges and opportunities.

Our Vision

TISA’s vision is a world constantly bettered by religious scholarship and ethical leadership.

How Does an Endowment Work?

An Islamic endowment or “waqf” is an investment that grows over the long term, where the principal remains intact and the earnings are used for charitable causes. This model provides protection for the earning power of the investment and enables donors and nonprofit organizations to continuously donate earnings or grow endowments by reinvesting them in the principal. Thus, when one establishes a waqf with a nonprofit organization, they simply donate some wealth or property, which will be invested in a Shariah-c0mpliant manner, keeping the principal in-tact, and utilizing the earnings for the charitable purposes. 

As such, TISA’s Endowment Fund follows this Islamic model. Your principal investment remains untouched, while earnings from the investment are either re-invested into the principal or used for operations, development, and other programs consistent with the mission and vision of the institution. 

What are the Benefits to Establishing an Endowment?

The Prophet (saw) said, “When a person dies, his deeds come to an end except for three: Sadaqa Jaariyah (ongoing charity), a beneficial knowledge, or a righteous child who prays for him.” The establishment of a waqf with TISA not only creates a continuous charity that will benefit the institution and donor for perpetuity, but it also promotes the seeking of beneficial knowledge and the development of leaders who will act upon that knowledge to change our world. 

5 Excellent Reasons to Establish an Endowment Fund

Establish Sadaqa Jaariyah

An endowment fund allows you to establish an ongoing charity, a gift that not only benefits the institution, but continues to bring you reward in this life and the next!

Maintain Your Values

An endowment fund can guarantee that the programs that are important to you will always remain in place, ensuring that your own priorities and interests are sustained in the institution.

Sustain Institutional Growth

An endowment fund acts as a fail-safe that allows the organization to grow while programs that you value are not put at risk due to funding challenges.

Leave a Legacy

Donations to endowments survive beyond the lives of their givers, creating a true legacy that will honor your values and preserve your name for generations to come.

Easy Investing

Contributing to an endowment fund allows you to make a meaningful and strategic investment without the burden of managing the funds.

5 Reasons to Establish an Endowment Fund

The following are a few of the many benefits of establishing an Endowment Fund with TISA…

  • Establish Sadaqa Jaariyah: An endowment fund allows you to establish an ongoing charity, a gift that not only benefits the institution, but continues to bring you reward in this life and the next!
  • Maintain Your Values: An endowment fund guarantees that the programs that are important to you will always remain in place, ensuring that your own priorities and interests are sustained in the institution.
  • Sustain Institutional Growth: An endowment fund acts as a fail-safe that allows the organization to grow while programs that you value are not put at risk due to funding challenges.
  • Leave a Legacy: Donations to endowments survive beyond the lives of their givers, creating a true legacy that will honor your values and preserve your name for generations to come.
  • Easy Investing: Contributing to an endowment fund allows you to make a meaningful and strategic investment without the burden of managing those funds.

Getting Started

If you are ready to support TISA through our Endowment Fund, simply click the button below and select “Endowment Fund” for the Purpose, select if you would like to make this a tribute or dedication, and process the payment, as usual. 

If you have additional questions, you may use the sign-up form to contact our Development Department and we will reach out as soon as possible. You may also contact us directly at: development@islamicseminary.us, or give us a call at (214) 484 – 1309 and we will be happy to answer any questions. 

Thank you and Jazakallahu Khairan for considering supporting our Endowment Fund… with your help we can transform our communities today, tomorrow, and beyond!

Frequently Asked Questions

Donations to the endowment fund are currently restricted to sustainable income for general support of TISA’s mission. You may, however, choose to dedicate your gift to the endowment in a loved one’s memory or honor. If you would like to donate to a specific area or department, please consider making a gift through our regular donation form here: www.islamicseminary.us/donate .

Yes! We use Sharia investment vehicles. Our Endowment Fund is invested in Amana Mutual Funds, and administered by Saturna Capital. 

There is currently no minimum to establish an Endowment Fund. 

No. Most, if not all, scholars agree that zakat cannot be used to establish endowment funds. 

Currently, because our goal is to promote longevity and maintain stability for the institution, all income from our Endowment Fund is allocated to general operational expenses. 

Yes! You may name the endowment in loving memory or in honor of a deceased or living relative or loved one. 

Yes! You are welcome to break down the total endowment amount into monthly payments. For example, a $100k endowment pledge may be broken down into 20 monthly installments of $5k each. 

Yes! An endowment can also be established using any property such as publicly held stock certificates or real estate, which can minimize the Capital Gains Tax with a Planned Charitable Gift to TISA. 

Our Journey to the Endowment Fund

2011The Beginning
Aug 2019Seminary Launched
Dec 2019Endowment Fund Established
Dec 2021Endowment Fund Announced