Permanent endowment

A permanent endowment is a fund that has been established to provide a long-term source of income, usually for a non-profit entity. The intent is for the funds to be held in perpetuity, where only the income from the funds can be used. The underlying funds are typically the result of a grant or gift. It is possible that the underlying funds can be spent, with the approval of the donor.

Related Courses

Nonprofit Accounting