What are the difference between Annual Fund and endowment fund gifts?
The Annual Fund allows for an immediate and flexible response to the school’s needs and builds up the school’s “checking account” of expendable monies – and allows the school to preserve its “savings account” (endowment) for the future sustainability of Penn Charter for generations to come. Annual Fund resources are used on a yearly basis and have an immediate impact on the daily life of the school. It would take an additional $20 million dollars in endowment principal to raise the amount of interest income that the Annual Fund provides every year.
