I thought I’d take the opportunity to link to an article by Mark Hager, one of the moderators on this site, entitled “should your nonprofit build an endowment?”
https://nonprofitquarterly.org/should-your-nonprofit-build-an-endowment/#:~:text=This%20isn%E2%80%99t%20endowment%2C%20or%20even%20quasi-endowment%E2%80%94it%E2%80%99s%20just%20operating,of%20creating%20a%20financial%20bedrock%20for%20the%20organization.

It is one of the most clear headed pieces on the topic I have read and since Hager is a moderator here, it would be great to hear from some of the rest of you on this topic. Short message, endowments aren’t for many of us nonprofits, and the IDEA of one has distracted many a board from a better use of capital, but they can appear in surprising places to good effect!