Endowment funds are maintained in perpetuity and, typically, only income from investment of the gift is expended. Gifts to the Endowment may be unrestricted or designated for a particular purpose. They are invested with two goals in mind: to provide spendable income for the purpose agreed upon with the donor, and to grow the principal at a rate that exceeds inflation. The original gift, or principal, is never spent, and any investment return over permitted spending and fees is channeled back into the fund for continued growth.
Endowment gifts of $1,000 or more may be designated for: