What is an Endowment?

The Foundation offers a variety of options to let donors direct assets to the causes they are passionate about.
• Unrestricted Gifts are welcomed and may be used for any of the foundation’s charitable purposes at the discretion of the Board of Directors.
• Endowment Gifts become permanent charitable assets. Earnings may be used for restricted or unrestricted purposes.
Gifts may be made to the foundation endowment fund or, with certain requirements, to your own named fund.
Options included:
• Designated Fund: Your fund’s earnings can benefit your chosen charitable organization.
• Field of Interest Fund: You may designate an area of interest you wish the earnings of your fund to support. Scholarship
Funds are a good example
• Agency Fund: Nonprofit organizations
can create their own endowment that will
produce annual grants to serve the purposes of that organization.
• Operating Fund: You may support Foundation operations by gifts to the fund.
• Pass-through Fund: Non-endowed funds may be created to receive gifts to be used for a specific purpose, usually short term.