I'm not sure I understand your meaning? Endowments and foundations are different things with different objectives. Many foundations may have endowments of the

I'm not sure I understand your meaning? Endowments and foundations are different things with different objectives. Many foundations may have endowments of their own, and may use them to issue grants to non-profits. From a legal and financial perspective though, there's a difference between a non-profit having an endowment itself which provides restricted funds for specific operational activities vs how foundations typically create and structure endowments for external giving. Both concepts have been around for decades, so I don't think either is particularly disruptive.