permanent funds

Permanent funds are investment funds created to provide ongoing financial support for specific purposes, often in the context of government or nonprofit organizations. These funds are designed to be sustainable over time, meaning the original principal amount remains intact while the income generated from investments is used to fund various programs or services. The goal is to ensure long-term financial stability, allowing organizations to meet their commitments and support community needs without depleting the fund's principal. Common examples include university endowments, state permanent funds, and trust funds established for specific charitable causes.