An endowment can be a long-term financial safety net to help nonprofits manage costs when annual giving is down, but it shouldn't be a rainy-day fund, says this introduction to endowment planning.
Author and journalist Peter Panepento interviewed experts nationwide to find out when an organization is ready to create an endowment, what approaches work and which practical concerns weigh most on organizations in the process.
Originally published at JUST GRANTS! Arizona, the guide covers donor selection, endowment-size considerations, management planning and the role of community foundations.
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Yahoo- Professional Area: Fundraising/giving | Management/leadership
