# Endowment Funds Endowment funds are investment funds established through donations from individuals, companies, or other institutions, with the goal of generating sustainable financial resources for an organization. The main principle is to preserve the principal capital (the "endowment") over the long term, using only the income generated from investments to finance institutional activities, scholarships, research, cultural programs, and other initiatives. --- ## Entries ### Endowment Funds in Brazil Below is a list of notable endowment funds in Brazil, based on 2025 data from the _[Monitor de Fundos Patrimoniais no Brasil](https://www.idis.org.br/monitor-de-fundos-patrimoniais-no-brasil/)_, an initiative by IDIS. The assets are shown both in Brazilian reais (R$) and approximate US dollars (USD), using a rough conversion rate of R$5 = US$1. #### Fundação Bradesco - Year: 1956 - Approximate value: ~R$ 86 billion (~US$ 17.2 billion) - Themes: Education #### Fundação Antonio e Helena Zerrenner INB - Year: 1936 - Approximate value: ~R$ 35 billion (~US$ 7 billion) - Themes: Social Assistance; Education; Health #### Escola Alef Peretz - Year: 2021 - Approximate value: ~R$ 21.5 billion (~US$ 4.3 billion) - Themes: Education #### Fundação Itaú - Year: 2000 - Approximate value: ~R$ 5.2 billion (~US$ 1 billion) - Themes: Social Assistance; Culture and Heritage; Education #### [[Umane]] - Year: 2016 - Approximate value: ~R$ 1.59 billion (~US$ 318 million) - Themes: Health #### [[Instituto Moreira Salles (IMS)]] - Year: 1995 - Approximate value: ~R$ 1.25 billion (~US$ 250 million) - Themes: (Not identified) #### Fundação Lia Maria Aguiar - Year: 2008 - Approximate value: ~R$ 680 million (~US$ 136 million) - Themes: Social Assistance; Poverty and Inequality Reduction; Education #### [[Instituto Serrapilheira]] - Year: 2018 - Approximate value: ~R$ 680 million (~US$ 136 million) - Themes: Science and Technology; Research #### Fundação Maria Cecilia Souto Vidigal - Year: 1965 - Approximate value: ~R$ 652 million (~US$ 130 million) - Themes: Childhood and Adolescence Protection; Early Childhood #### Instituto Acaia - Year: 2016 - Approximate value: ~R$ 520 million (~US$ 104 million) - Themes: Poverty and Inequality Reduction; Culture and Heritage; Education #### Instituto Alana - Year: 2013 - Approximate value: ~R$ 476 million (~US$ 95 million) - Themes: Human Rights; Education; Childhood Protection #### [[Fundo Ibirapitanga]] - Year: 2016 - Approximate value: ~R$ 433 million (~US$ 86 million) - Themes: Racial Equity; Food and Nutritional Security; Emergency Situations #### [[Artigo 220]] (Revista Piauí) - Year: 2021 - Approximate value: ~R$ 350 million (~US$ 70 million) - Themes: (Not identified) #### Fundação José Luiz Egydio Setubal - Year: 2017 - Approximate value: ~R$ 341 million (~US$ 68 million) - Themes: Childhood Protection; Health; Food Security #### Fundação Banco do Brasil - Year: 2008 - Approximate value: ~R$ 258 million (~US$ 52 million) - Themes: Social Assistance; Education; Job and Income Generation #### Fundação Ary Frauzino (Fundação do Câncer) - Year: 1991 - Approximate value: ~R$ 255 million (~US$ 51 million) - Themes: Science and Technology; Health #### Rogério Jonas Zylbersztajn - Year: 2019 - Approximate value: ~R$ 235 million (~US$ 47 million) - Themes: Poverty and Inequality Reduction; Education; Health #### Fundação Grupo Volkswagen - Year: 2002 - Approximate value: ~R$ 202 million (~US$ 40 million) - Themes: Social Assistance; Job and Income Generation #### Instituto Ayrton Senna - Year: 2017 - Approximate value: ~R$ 153 million (~US$ 31 million) - Themes: Social Assistance; Human Rights; Education #### Fundação Tide Setubal - Year: 2010 - Approximate value: ~R$ 124 million (~US$ 25 million) - Themes: Poverty and Inequality Reduction; Community and Territory Development; Racial Equity #### Fundo Baobá - Year: 2016 - Approximate value: ~R$ 120 million (~US$ 24 million) - Themes: Racial Equity #### Liga Solidária - Year: 2020 - Approximate value: ~R$ 110 million (~US$ 22 million) - Themes: Social Assistance; Poverty and Inequality Reduction; Education #### Instituto Jô Clemente - Year: no data - Approximate value: ~R$ 109 million (~US$ 22 million) - Themes: (Not identified) #### Fundo Patrimonial ASA - Year: 2018 - Approximate value: ~R$ 84 million (~US$ 17 million) - Themes: Education; Childhood Protection; Food and Nutritional Security #### Fundação Romi Endowment Fund - Year: 1957 - Approximate value: ~R$ 84 million (~US$ 17 million) - Themes: Culture and Heritage; Education #### Fundo Perpetuidade SOS Mata Atlântica - Year: 2009 - Approximate value: ~R$ 75 million (~US$ 15 million) - Themes: Environment; Sustainable Development #### PDR - Purpose Driven Resources - Year: 2023 - Approximate value: ~R$ 72 million (~US$ 14 million) - Themes: Poverty and Inequality Reduction; Ethics, Citizenship, Human Rights, Democracy #### Fundo Patrimonial [[OSESP]] - Year: 2006 - Approximate value: ~R$ 62 million (~US$ 12 million) - Themes: Culture and Heritage; Education #### Fundação Estudar Endowment Fund - Year: 2017 - Approximate value: ~R$ 55 million (~US$ 11 million) - Themes: Education #### [[Fundação Amazônia Sustentável]] (FAS) Endowment Fund - Year: 2008 - Approximate value: ~R$ 53 million (~US$ 11 million) - Themes: Social Assistance; Environment; Emergency Situations #### Amigos da Poli Endowment Fund - Year: 2012 - Approximate value: ~R$ 52 million (~US$ 10 million) - Themes: Education #### Fundo Betinho - Ação da Cidadania - Year: 2021 - Approximate value: ~R$ 46 million (~US$ 9 million) - Themes: Poverty and Inequality Reduction; Food and Nutritional Security; Emergency Situations #### Instituto Rodrigo Mendes (IRM) Endowment Fund - Year: 2015 - Approximate value: ~R$ 42 million (~US$ 8 million) - Themes: Education; Disability Protection #### Fundação Dom Cabral Endowment Fund - Year: 2019 - Approximate value: ~R$ 41 million (~US$ 8 million) - Themes: Social Development; Organizational Development; Economic Development #### Fundo Patrimonial Joaquim Rosa Cambraia - Year: 2024 - Approximate value: ~R$ 40 million (~US$ 8 million) - Themes: (Not identified) #### Fundação Grupo Boticário Endowment Fund - Year: 1996 - Approximate value: ~R$ 31 million (~US$ 6 million) - Themes: Environment; Sustainable Development #### Fundo Brasil de Direitos Humanos - Year: 2007 - Approximate value: ~R$ 27 million (~US$ 5 million) - Themes: Human Rights; Racial Equity; Emergency Situations #### [[Fundo Comunitário da Maré (FCM)]] - Year: 2021 - Approximate value: ~R$ 25 million (~US$ 5 million) - Themes: Poverty and Inequality Reduction; Community Development; Education #### Fundo Patrimonial ACTC - Casa do Coração - Year: 2023 - Approximate value: ~R$ 24 million (~US$ 5 million) - Themes: Social Assistance; Health #### C de Cultura - Year: 2017 - Approximate value: ~R$ 22 million (~US$ 4 million) - Themes: Culture and Heritage; Community Development; Environment #### Fundo Apontar - Year: 2015 - Approximate value: ~R$ 20 million (~US$ 4 million) - Themes: Social Assistance; Education #### [[MASP]] Endowment - Year: 2017 - Approximate value: ~R$ 20 million (~US$ 4 million) - Themes: Culture and Heritage #### Instituto Dara - Year: 2008 - Approximate value: ~R$ 19.5 million (~US$ 4 million) - Themes: (Not identified) #### Sociedade Beneficente de Senhoras Sírio-Libanês Endowment - Year: 2021 - Approximate value: ~R$ 19 million (~US$ 4 million) - Themes: Social Assistance; Education; Health #### USP Endowment Fund - Year: 2021 - Approximate value: ~R$ 18 million (~US$ 4 million) - Themes: Science and Technology; Culture and Heritage; Education #### IPÊ - Instituto de Pesquisas Ecológicas - Year: 2007 - Approximate value: ~R$ 16 million (~US$ 3 million) - Themes: Science and Technology; Education; Environment #### Associação Escola Panamericana de Porto Alegre Endowment - Year: 2022 - Approximate value: ~R$ 15 million (~US$ 3 million) - Themes: (Not identified) #### FALM (Fundação André e Lúcia Maggi) Endowment Fund - Year: 2017 - Approximate value: ~R$ 14 million (~US$ 3 million) - Themes: Poverty and Inequality Reduction; Community Development; Indigenous Peoples Protection #### Reditus (UFRJ Students Endowment) - Year: 2018 - Approximate value: ~R$ 14 million (~US$ 3 million) - Themes: Education; Research #### Sempre Sanfran (USP Law School Students Endowment) - Year: 2021 - Approximate value: ~R$ 12 million (~US$ 2 million) - Themes: Research; Poverty and Inequality Reduction #### Fundo Areguá - Year: 2016 - Approximate value: ~R$ 11 million (~US$ 2 million) - Themes: Education; Health #### Instituto George Mark Klabin (iGMK) - Year: 1933 - Approximate value: ~R$ 11 million (~US$ 2 million) - Themes: Social Assistance; Poverty and Inequality Reduction; Education #### Sempre FEA Endowment (FEAUSP Students) - Year: 2020 - Approximate value: ~R$ 10 million (~US$ 2 million) - Themes: Education ### Endowment Funds in the United States #### Ensign Peak (LDS Endowment Fund) - Description: The main financial investment arm of the [[Church of Jesus Christ of Latter-day Saints (LDS)]] (Mormon Church). It is often compared to a traditional endowment fund, as the church officially justifies its existence as a safeguard for its long-term operation. - Approximate value: According to *The Widow's Mite Report*, by the end of 2022, the fund managed approximately US$ 157 billion. The church's total annual budget ranges from US$ 5 to 6 billion, meaning that withdrawing only 4.25% of the fund per year would cover all its operational costs. - Themes: Religion; Community Support #### Permanent University Fund of Texas - Description: Dedicated exclusively to financing the University of Texas System and the Texas A&M University System. - Approximate value: ~US$ 17.5 billion - Themes: Higher Education #### Permanent Education Fund of Texas - Description: Dedicated to financing public basic education in Texas, funded primarily through royalties from oil and mineral extraction. - Approximate value: ~US$ 48.3 billion - Themes: Basic Education; Public Education #### Hillsdale College Endowment - Description: A private liberal arts college founded in Michigan in 1844 by Baptists. Today, it is one of the most prestigious conservative Christian liberal arts colleges in the United States. - Approximate value: ~US$ 900 million - Themes: Higher Education; Liberal Arts; Christian Values