Named Endowment Funds

An endowment is a gift that provides continued income to support the donor’s designated purpose. The gift itself is called the principal, and cannot be spent. The principal is invested, where it provides unending interest income to support a hospital program. This allows the gift to perpetually support on behalf of the donor.

Named endowments can be established to honor the donor, friends, relatives or others. The endowment bears the name of the contributing individual or group, or their designated honoree, and the proceeds from the endowment can be designated to support a program or project of the contributor’s choice, or be directed by the Foundation to an area of greatest need.

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