What is an Endowment Fund?
An endowment fund is created by a donation of a sum of money or an in-kind gift (eg. securities) that a donor has designated or allocated for a specific purpose of charitable giving.
The money is pooled for investment purposes with interest earned being used to support an annual grant to a charity of the Donor’s choosing.
Because the endowment-model employed by a community foundation favours capital preservation, the endowment fund will exist in perpetuity to help fund the charitable causes that are most meaningful to the donor and their family…today…tomorrow…forever!