What are Endowed Funds?
An Endowed Fund of TCF is a fund that is established by an individual, family or organization. It is often established to honor the life, memory or passion of a family member or loved one. Organizations may wish to establish an endowed fund to provide a permanent source of funding for their program(s).
The term endowed means that all principal donations to the fund are invested for growth and income. Once the fund is fully established, only the income generated is distributed as either a grant or scholarship award allowing the original donation to continue to grow. An endowed fund will last for perpetuity.
An Endowed Fund of TCF must meet minimum fund requirements that are established by TCF.
A list of current Endowed Funds of TCF can be viewed at the Established Funds link.
