What is an endowment fund?

WHAT IS AN ENDOWMENT FUND?

An endowment fund is a donation (minimum $10,000) that is invested in perpetuity, with the income earned supporting the specific purpose designated by the donor or group of donors or as designated by the Foundation’s Board of Directors where the donation is undesignated. The endowment therefore ensures a flow of funding year to year and enables long-term planning, financial stability and successful functioning.