Jake Kagele is an experienced financial professional who acquired Certified Investment Management Analyst (CIMA) status from the Wharton School of Business. Currently, Jake Kagele uses his expertise to help high-net-worth individuals and corporations at NOVA Financial Services in Tucson, AZ.

Since its founding in 2009, NOVA has provided financial advice and portfolio management for clients across the United States. The organization, which currently maintains offices in Arizona and Colorado, offers retirement planning and endowment management among its services.

Endowment refers to the donation of assets to nonprofit organizations. Endowments are managed to preserve principal while providing generated income to the beneficiary.

There are several types of endowments. Unrestricted endowments are the most flexible, as they give full asset control to the nonprofit entity. Alternatively, restricted endowments require the principal assets to remain intact and only allow organizations to utilize the investment income. Other forms of endowment include term and quasi-endowments. Term endowments allow principal to be tapped into after a certain time frame, while quasi-endowments are donated for a specific purpose or activity.