What is an endowment?
Most charitable organizations of significant size have an endowment. An endowment is a fund comprised of charitable gifts where the principal of each gift is kept in tact. The endowment is invested and the interest gained from that investment generates a stream of income for the charity in perpetuity. Endowment gifts made today continue to make an impact for many, many generations to come.

The Minnesota Orchestra’s Endowment
The Minnesota Orchestra’s endowment was established more than 50 years ago and has grown to more than $90 million. The endowment’s investment performance, asset allocation and market conditions are closely managed by the Investment Committee of the Board of Directors. Each year, the Orchestra draws on a small portion (usually 6%) of the income earned from its endowment investments to support its mission, artistic initiatives and vision for the future. This income enables the Orchestra to;

• Recruit, hire and retain the highest quality musicians.
• Engage soloists and guest artists of the highest caliber.
• Encourage innovation in artistic programming, education and community outreach.