Charitable Endowment Funds

From PhilanthropyWiki

A Charitable Endowment Fund is a type of public fund often referred to as an "umbrella" fund. Generally maintained by a trustee company or financial services company, a charitable endowment fund will be able to maintain donor accounts (sometimes referred to as 'sub-funds') which can be maintained in perpetuity and offer a tax deduction to donors.

Some examples of charitable endowment funds in Australia include:

• Goldman Sachs JBWere Charitable Endowment Fund
• Perpetual Charitable Gift Fund