What does Endowment Care Mean? Endowment Care is the general care, maintenance, and embellishment of the cemetery provided at reasonable intervals within the limits of the income from the Endowment Care Fund.

What does endowed care mean?

Endowed Care means the care of a lot or grave out of the income derived from a trust fund created by a grave or lot owner, or any other person, in accordance with the Laws of the State of New York.

How much is endowment care?

“Perpetual care” or “endowment care.” This one-time maintenance fee, often 5% to 15% of the plot price, may be legally required by the state for re-investment in a state-mandated cemetery maintenance fund. This fee generally does not pay for the maintenance of headstones or other gravesite memorials.