An endowment is a long-term fund established to provide financial sustainability for the Islamic Center of Naperville (ICN). The funds are invested ethically and, in a Sharia-compliant manner, with only the investment returns being used to support ICN’s programs and initiatives, thus decreasing or eliminating the need for fundraising and donations. 

The endowment will be invested in accordance with ethical and Islamic principles. This means avoiding interest-based investments, businesses involved in prohibited activities (such as alcohol, gambling, or pork products), and adhering to ethical investment guidelines.

The endowment is designed to provide a sustainable source of funding for ICN’s religious, educational, social, and charitable activities. It helps ensure financial stability and growth, allowing ICN to serve the community for generations to come.

The endowment is overseen by Nama Private Wealth, and the ICN board is in process to establish a process to govern these funds.

Unlike general donations, which are often used for immediate expenses, the endowment is a permanent fund where the principal remains intact. Only the earnings from investments are used to support ICN, ensuring continuous financial support for the future.

Yes, contributions to the ICN Endowment are tax-deductible to the extent permitted by law. Donors should consult with a tax advisor for specific guidance.

Absolutely! Donations can be made in various forms, including cash, stocks, real estate, business shares, or bequests in wills. Planned giving options allow donors to leave a lasting legacy through estate planning.

ICN is committed to transparency and accountability. Regular reports and financial statements will be shared with the community, detailing the endowment’s performance, allocation of funds, and impact.

A larger endowment means greater long-term financial security for ICN. Excess earnings can be reinvested to expand services, increase capital projects, enhance community programs, and improve facilities.

Yes, donors can set up automated monthly, quarterly, or annual contributions to steadily build the endowment and ensure continuous growth.

If ICN ceases to operate, the endowment funds will be transferred to another qualified Islamic organization with a similar mission, ensuring that your donation continues to benefit the Muslim community.

There is no minimum donation amount. Every contribution, big or small, helps build a stronger future for ICN and the community.

You can donate online through ICN’s website, set up a recurring donation, contribute assets such as stocks or real estate, or include ICN in your will. The finance committee can get you in contact with Nama Private wealth for guidance on planned giving options.