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An endowment is a fund set up for a specific long term purpose, where the principal gift remains in perpetuity, with a set portion of the earnings spent each year according to the charitable interest of the donor. Donors can establish endowment funds at Pattie A. Clay Foundation for a wide variety of purposes including scholarships; capital equipment purchases; or support for a particular department or area of care. Giving to establish an endowment is an excellent way to assure that your gift has a long term impact on the hospital in a particular area or service that you are most interested in.
Named endowments may be established with an initial minimum contribution of $100,000.
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