Organizational Structure
Endowment
Originally Posted: December 30, 2008
Topics:
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