An endowed fund is a gift that is held in perpetuity with the capital value being preserved over the long-term. A portion of the annual investment returns is granted to causes of your choice. The balance of the investment return is added back into the permanent fund, which allows the fund to grow over time. As the endowment grows, so does your ability to grant to causes or charities of your choice.
The minimum capital to establish an endowed fund is $10,000.