How Does the Permanent Fund (Endowment) Work?
The endowment program works on a simple concept. The original gift is invested and the income generated is used to fund a scholarship. The original amount, or “Principal” remains in the investment account to generate more income, which will be awarded the next year. Our Foundation would like to see the majority of the gifts placed in this type of fund.
Related Questions
- If the Foundation successfully establishes an endowment fund to take care of the Park will the town cease to support the Park financially?
- What is the difference between a Permanent Memorial Fund and a Permanent Endowment Fund?
- How much work is involved in starting and growing a permanent endowment fund?
