Parks4Life What is an endowment? Endowment funds are commonly used by charities and not-for-profit organisations like universities, churches and private schools. Money raised is held in an investment fund and the interest and dividends generated from that investment provides a sustainable source of income. Parks4Life is what’s called a ‘restricted endowment’. This means that the funds raised are held in perpetuity and we use the investment interest and dividends to provide grant funding to community groups to support work in local parks.