Before the coronavirus severely affected the whole world, some nonprofits never thought about creating an endowment. But this pandemic forced all expenses to rise. But even without this global problem we’re experiencing now, time changes can hit our economy, decreasing yearly donations. Throughout this challenging time, nonprofits need other potential incomes, besides fundraising projects, to fund major projects and programs, everyday operations, and pay staff. They need a fresh approach to nonprofit fundraisings, like an endowment. What Is Endowment? It is the act of donating money or property by donors…