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What is the difference between an endowed and nonendowed fund?

April 26, 2017difference endowed fund nonendowed

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What is the difference between an endowed and nonendowed fund?

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An endowed fund distributes interest earned on principle, while a nonendowed fund distributes the principle until it is expended. An endowed fund is a promise without end, intended to provide long-term support to the charitable causes you care about.