Endowment Development

In this edition of The Beacon Podcast, Karen Baldwin speaks to David Snow, a senior consultant with Lighthouse Counsel, about endowment development. David discusses the importance of having an endowment for nonprofit organizations and outlines how to establish and manage endowments to ensure financial stability well into the future. David answers questions about endowment development including: • What exactly is an endowment? Are there different kinds of endowments? • How does a nonprofit know when it’s ready to start an endowment? • How does an organization communicate with donors that endowment giving is a good thing and explain why it’s important?