Endowments – from “Mission Minded” DWD Blog

Carrie Minnich (2) (576x800)Carrie Minnich, CPA recently posted about endowments for Mission Minded, Dulin, Ward & DeWald, Inc.’s nonprofit blog.

In her post, she defines two different types of endowments. The first is donor restricted. This type of endowment is “a contribution to the organization in which the donor stipulates that the contribution be invested for a specified time or in perpetuity.” The second is a board designated or quasi-endowment. For this type, “money is being set aside for future use as opposed to supporting current activities” and is unrestricted. Carrie’s tip is no matter which type of endowment fund your organization has, be sure to have a policy regarding how the money is managed.

To read the full post, click here.

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