A donation made by way of cash, marketable securities, RRSPs, mutual funds, etc. which are held in perpetual trust. A designated portion of income earned by the endowment is used as directed by the donor. The donation remains intact, making it an everlasting gift. Named endowments may be established with a minimum donation of $10,000. Endowments may be general in nature or for a specific area or purpose. Donors play a major role in ensuring a consistent flow of funds for the future by establishing endowments.