These are investment funds established by a foundation that makes consistent withdrawals from invested capital. The capital or money in endowment funds are often used by universities, nonprofit organizations, churches, and hospitals. Endowment funds are typically funded by donations that are deductible for the donors and are used for specific purposes.

Why have an endowment fund?

The concept of an endowment is that a large donation is stored in the bank in order to keep and grow the capital, and then use the interest as funding.Essentially, an endowment makes a charity much more sustainable and allows the trustees more flexibility on where to direct their efforts and resources. 

EcoCapital’s goal is to professionally manage, sustain and grow the fund.