What is an Endowment Fund?
An endowment fund is an investment portfolio with the initial capital deriving from donations. Endowment funds are established to fund charitable and nonprofit institutions such as churches, hospitals, and universities.
How do an endowment fund help the garden?
An endowment is an investment fund set aside for the long-term support of a charity. The principal remains invested. Only the income, or a portion of the income, will be used in the maintenance of the garden.