the power of endowment
Endowments are permanent funds designed to grow over time through contributions and market returns, all the while generating annual distributions for grants and programs.
endowment (én-dou’ment) n.
an asset donated to a nonprofit organization that is invested and produces perpetual income
Whether a fund's spending is directed by our board, under the advisement of a donor, or designated for a specific organization, all endowed funds are a resource for Evanston's present and future.
endowments grow while they give back
Because the annual spending — historically 5% of a fund's average value over three years — is less than long-term investment results, endowments grow while they give back. The numbers tell the story: based on actual results, a gift of $100,000 in 1988 would have funded grants of $297,647 by the end of 2016. AND, it would have left in place $273,799 as a reservoir for Evanston’s future.
a gift to endowment is here for good
Whether $100 or $1,000,000, a gift to endowment is here for good, part of the ongoing life of ECF as a force for positive change.