Organizational Structure

Endowment

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Originally Posted: December 30, 2008
Topics: 
Policies and Procedures

An endowment refers to a fund or funds that are generally kept permanently. Their interest income provides for the overall operations of the organization.

An endowment resolution should address the following issues;

  • purpose of the endowment and how it will advance the mission of the organization
  • management of the endowment
  • investment strategy of the various funds
  • disbursement policy