What is an endowment fund?
Unlike a personal checking account, an endowment is not a cash reserve the Foundation can draw on at will. Instead, endowed funds grow slowly through prudent investment. A percentage of the fund’s annual income may be granted to support interests specified by donors. The principal of a donor’s gift is preserved, so the fund will grow over time and provide a cushion for periods of weaker market performance.
As a donor, you may make a gift to an existing endowment fund or start your own.
Learn more about the diverse types of funds.