A gift that allows the institution the flexibility to use the return on investment as best serves the immediate needs of the institution for a specified purpose. Examples might be an endowment for a specific program, camp scholarships, technology, etc.
A gift that requires the institution to use the return on investment for a specified purpose. Examples might be an endowment for a specific program, camp scholarships, technology, etc.
A gift that requires the institution to use the return on investment for a specified purpose. Examples might be an endowment for a specific program, camp scholarships, technology, etc.
A quasi-endowment (aka board designated endowment) is established when an institution designates assets to be invested as an endowment, but the fund is not permanent and is at the discretion of the board of directors. Unrestricted bequests are examples of the types of gifts that go towards the quasi-endowment.
Donors wishing to name a fund can establish a named endowment fund with a minimum gift or pledge of $25,000 or more. A donor can set this fund up while living and fund the endowment through a testamentary gift.