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What is the difference between a Permanent Memorial Fund and a Permanent Endowment Fund?

April 26, 2017difference endowment fund Memorial PERMANENT

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What is the difference between a Permanent Memorial Fund and a Permanent Endowment Fund?

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The only difference between these two endowment funds is that one is in memory of a deceased friend or loved one, while the other honors someone still living. Eventually, permanent endowments become permanent memorials.