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Endowments & Estate Giving

Leave a Legacy

It is the mission of Nuts, Bolts & Thingamajigs (NBT) to help end the skilled labor gap. If you believe in our mission and desire to leave a legacy for those who follow you, consider setting up an endowment or leaving a charitable gift to NBT in your will or estate plan.

How do endowments work?

Endowments work so well because they preserve, rather than spend, the principal gift.

What kind of scholarship award or camp grant will my endowment fund support?

NBT awards scholarships to students preparing for a career in manufacturing. The funding supports technical and advanced education at community/technical colleges and four-year universities where students learn real-world, practical skills.

The Foundation also awards grants annually to trade schools and community/technical colleges capable of hosting a summer manufacturing camp program for girls and boys ages 12-16. Summer camps have been a successful way of introducing middle and high school students to the fascinating, high-tech career choices available to them in today’s manufacturing industry.

Whether your endowment supports a scholarship or a manufacturing camp grant, you can rest assured that your contribution will make a lasting impact on the manufacturing industry and the success of its future workforce.

Estate Giving

Another way to help NBT in its efforts to narrow the skills gap is to designate NBT as a percentage (1 to 100 percent) beneficiary of your IRA or other retirement plan assets. When you leave a portion of your retirement plan assets to the foundation, you can protect your family members from heavy taxes and get the most value from your retirement savings.

You may also consider naming NBT as the primary beneficiary in a life insurance policy if the purpose of the policy no longer applies, as in the education of your children who are now adults. All of these options are simple ways to ensure that your legacy lives on!

When you decide to give an estate gift or create an endowment, the staff at the Foundation will work with you to develop a formal agreement of your intent and outline your gift or endowment’s purpose.

Learn more

If you are interested in establishing a named endowment fund or estate giving, please contact Edward C. Dernulc, Foundation Director of Nuts, Bolts & Thingamajigs, at (815) 227-8240.

Supporters of the NBT Foundation