An endowment policy’s main purpose is its savings component, with a life insurance death benefit as a secondary purpose. A traditional permanent life insurance policy’s primary purpose is a ...

The invested capital is an endowment fund. Its purpose is to help support the fund's beneficiary, which is usually a nonprofit organization. Starting capital for endowment funds comes from donations.

Endowment gifts fall into two broad categories ... Restricted endowed funds are intended to support a specific purpose. The college must use these funds as designated by the donor. Many donors choose ...