No Strings Attached: An Examination of Board-Designated Endowments in Nonprofit Organizations
Nonprofit and Voluntary Sector Quarterly
Published online on May 09, 2026
Abstract
Nonprofit and Voluntary Sector Quarterly, Ahead of Print.
We examine whether having at least a portion of an endowment free from donor restrictions (i.e., a board-designated endowment [“BDE”]) affects endowment objectives related to intergenerational equity, rainy-day funding, or accumulation. Our results ...
We examine whether having at least a portion of an endowment free from donor restrictions (i.e., a board-designated endowment [“BDE”]) affects endowment objectives related to intergenerational equity, rainy-day funding, or accumulation. Our results ...