Financial endowment
A financial endowment is a transfer of money or property donated to an institution, usually with the stipulation that it be invested, and the principal remain intact in perpetuity or for a defined time period. This allows for the donation to have a much greater impact over a long period of time than if it were spent all at once.
The total value of an institution's investments is referred to as the institution's endowment.
College and university endowments
Notable endowment funds
See also
References
External links
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