Why Build Endowment Funds?
A well funded endowment is the goal of most nonprofit organizations. An endowment is a fund established in perpetuity, with a portion of the income from the fund used each year to support a designated purpose. An endowment provides a lasting legacy of a donor’s generosity and reflects the donor’s intentions and wishes. A donor can be assured that the organization will honor his/her original intent when the income is disbursed each year.