Steuben County Community Foundation | What is an Endowment?



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	Donor Opportunities Making A Donation • What is an endowment? • Ways To Give • Top 10 Reasons to Give • Creating A Fund • Interest Form • Past Donor Testimonials Types of Funds Professional Advisor Services • What Your Client Wants • Planned Gift Assistance • Leaving a Legacy • How We Can Help • PALS • Resource Links Grants Scholarships Community News eNewsletter Registration Make A Donation About Us Resource Library Publications Youth Programs	What is an Endowment?
		A donation that provides permanence. The principal is never spent, it's invested- the earnings provide the grant dollars that support community projects and programs. A community foundation holds, invests, and administers a collection of these gifts called Funds. The Foundation uses professionals to invest and manage these assets. An outside, independent audit is performed each year to confirm proper accounting practices and IRS compliance.