Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between endowed and nonendowed funds?

April 26, 2017endowed funds nonendowed

0

10 Posted

What is the difference between endowed and nonendowed funds?

1 Answer

0

10 Posted

Endowed funds are ones in which an initial gift(s) is made to establish the fund, and this gift, called the corpus, is invested for the School by the foundation. The initial gift is never spent and remains permanently invested. The income generated from this investment is used to support the purpose of the fund. Thus, endowed funds are perpetual and forever a part of the School.