What is an 'endowed' charity?
It is a charitable foundation which holds assets that cannot be spent as income and must be used to generate income.
The original gift - the 'permanent endowment' - must be preserved, and protected against the effects of inflation.
Lambeth Endowed Charities hold a number of 'permanent endowments'. The Governors (our trustees) invest these assets in order to maintain the value of the endowment (for future beneficiaries) and generate the best income (for current beneficiaries).
In this way, the original gifts are protected for the future and are put to work in the present.