How does an Endowed Fund grow?
A charitable gift made today can significantly multiply in value if established as a permanent endowment. For example, a $50,000 gift can grow exponentially in just 50 years.
By year 50, this endowed fund’s cumulative charitable impact would increase from $50,000 to almost $325,000, tripling in size and having granted to the community more than three times its original fund value!
*Assuming a 4% annual spending rate and a 7% rate of return.
So, when you’re thinking about impact, think about endowment!