A New Look at Endowment Funds

By |July 25th, 2017|

Not all endowment funds need to start with millions of dollars in the bank account for it to be successful. Some experts believe it is better to realize how much minimum distribution you need in order to maintain an account. For example, say you would like your endowment fund to give out an annual return of $1 million dollars. If this is the case, then most would say if you had a $20 million endowment fund, then say at a 5% give out rate (normal for private foundations), then you would receive annually $1 million. But if you cannot [...]