What is an Endowment?
Endowments are permanent funds that are invested. Each year, the earnings are used to make grants. Over time the balance continues to grow, much like compound interest in a retirement account. Just as Albert Einstein once called compound interest…
“the most powerful force in the universe,”
endowments carry an inherent power to provide for community needs through continued growth. This formula ensures a funding resource for charitable work in Snohomish County forever.
Community Foundation of Snohomish County
7.5%
10-Year Average Rate of Return
60/40
Diversified Portfolio
$11.8 million
Total Assets