What is an Endowment Program?

What Is An Endowment Program

An endowment program is a special account(s) that is established in order to generate revenue that will be used for a specific purpose. A permanent endowment program is designed to function in perpetuity, making it possible to provide financial support over the long-term. The principal amount is protected and invested in a manner that seeks to preserve it’s value and provide a steady return.

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