A Primer for Endowment Grantmakers

The Ford Foundation’s Barry Gaberman argues in this document prepared for Ford’s program officers that most program officers are experienced with program vs. general operating support grants, recoverable grants, program-related investments, and the like. However, few, he says, are familiar with endowment and endowment-like grant strategies. He describes when an endowment strategy might make sense and how to determine how endowment funds are to be raised, governed, invested, and used.