Broadening Our View of Nonprofit Capitalization
No. 22 | published 2008
Broadening Our View of Nonprofit Capitalization
Endowments have been called the “Holy Grail” of nonprofit finance. Nonprofits aspire to develop endowments as relief from the burden and uncertainty of annual fund raising. Many foundations have fashioned “stability” and “sustainability” strategies around endowment building, usually in the form of a challenge investment that triggers a capital campaign. Endowments are excellent targets for planned giving programs, which can be within the reach of organizations of all sizes.