What is an endowment gift?
An endowment gift is a contribution that becomes an asset for BSM, and the principal enters a permanent investment account. Only a portion of each year’s earned interest on the principal is spent on the charitable purpose (a scholarship, for example). The rest is reinvested; increasing the principal in the account, also increasing the next year’s earning’s as well as the amount available for use. Donors can establish endowments at BSM with a total gift of $100,000. Any amount can be contributed to an existing endowed fund.
