Do you have a policy about which gifts go to your endowment fund and which go to the general operating budget?

I am a volunteer development chair for a community music group. I’m trying to figure out when a donation should be put into our endowment fund, as opposed to just being absorbed into GO.

Obviously if the donor designates “EF”, that’s where it goes.

But here are my questions: 1. Do donations given in memoriam go to EF automatically, or only if so designated?

  1. Do bequests always go to EF? Or is it again a matter of being specifically designated?

Any help/opinions greatly appreciated!

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