Meaning Of Endowment

endowments meaning

What is the meaning of endowment? An endowment is an investment that provides never-ending support to charitable causes. It is an investment in the future the future of San Diego. It is a gift a promise without end, made by you to your youngsters and grandchildren in support of your community.

Endowments are made possible by you those who have lived and embraced all that our area has had, will have and can have. Endowments are permanent. They are funds with the duty that the principal is never spent. The balance in these funds is invested, earning revenue that is then spent to support charitable works in perpetuation.

There are three sorts of endowment to choose between : Endowment for the common good, field of interest Endowment, and elected Endowment.

An Endowment for the common good is a present that allows The San Diego Foundation to make a response to the continually changing needs of the San Diego area. This type of fund is not restricted to a particular cause, but available for the most critical wants of the community as they arise.

A field of interest Endowment is a present that helps sustain programs or setups in specific areas of interest. These programs and organizations are selected by the donor and reflect his or her keenness in areas like education, health and human services, the arts, significant preservation and environmental protection, to name a few.

A Designated Endowment is a present that offers a permanent source of support to a non-profitable organization selected by the donor. Is there a nonprofit organization whose charitable work is your passion? You can endow your favorite non-profitable organization through an elected endowment.