What is the difference between a non-endowed donor advised fund and an endowed donor advised fund?

An endowed donor advised fund creates a permanent legacy of your generosity that grows over time. A portion of the fund is available to make grant recommendations each year with the balance permanently invested with the Community Foundation. The fund benefits from professional investment management overseen by the Community Foundation or custom investment arrangements for funds of $1 million or more.
A non-endowed donor advised fund allows for grant recommendations that may result in the distribution of some or all of the fund balance. There are choices of investment strategies that can meet short- or long-term charitable objectives.