The Central Louisiana Community Foundation has four difference types of funds: Field-of-Interest Funds, Donor Advised Funds, Scholarship Funds, and Agency Funds. All of the funds at the Community Foundation can operate as endowments. What is an endowment?
An endowment is a permanent fund from which only the income is distributed. The fund is invested and continues to grow through sound stewardship with your cause/nonprofit continues to derive a perpetual income.