Endowed vs Nonendowed Funds

Funds are classified as endowed or nonendowed.

Endowment funds, also known as permanent funds, provide grants in perpetuity by applying a “spending policy rate” to determine what percentage of the fund's assets are available for grantmaking.  The current rate is 4.5% of the average fund balance over three years. 

Nonendowed funds, also known as temporary funds, allow grants at any time and in any amount.

ASK CARRIE | Ask me which type of fund is right for you and let's discuss the best way to create a lasting legacy and make a difference in the community.....

Carrie Krug Nedick
Director of Donor Services

840 West Hamilton Street, Suite 310, Allentown, PA 18101
610 351-5353  Ext. 10 | carrie@lvcfoundation.org