So What Exactly Is an Endowment? Understanding the Basics and Beyond

So What Exactly Is an Endowment? Understanding the Basics and Beyond

Introduction We often hear about charities having endowments or endowment funds, but what exactly does this mean? In this article, we’ll demystify endowments, explore their benefits, and discuss how they can be effectively managed to support your charity’s mission. Definition of an Endowment Traditional Definition: Traditionally, an endowment refers to funds that are held permanently…