Funds By Unit

Funds Guide

Endowed - E

• For endowed funds, the total amount of the gift is invested. Each year, only a portion of the invested income earned is spent while the remainder adds to the principal growth. In this respect, endowments are particularly advantageous as they offer dependable, perpetual sources of funding. Existing endowments may be contributed to at any time.

Expendable - X

• Expendable funds may have rules that apply to how they are utilized, but once the original money that created the fund is exhausted, the fund no longer lives to serve its purpose unless more money is given from an outside source. The advantage to expendable funds is that they can fulfill an immediate purpose or need.

Future / Planned - F

• Future or planned funds are established by groups or individuals that have planned a bequest for an established cause. These funds may remain empty until a bequest is fulfilled or may be contributed to on a continuing basis. Families and individuals who have secured a future gift are honored in the Landon Society.