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More About Endowments"Endowment"Definition: A fund that is made up of gifts and bequests that are subject to a requirement that the principal be maintained intact and invested to create a source of income for an organization. Donors may set up an endowment to fund a specific interest; and a nonprofit's governing body may set up an endowment. In any case, an endowment requires that the principal remain intact in perpetuity, or for a defined period of time or until sufficient assets have been accumulated to achieve a designated purpose. Examples: The university has the largest endowment in the higher education community. More About EndowmentsRelated ArticlesUCMJ - Article 123a - Making, drawing, or uttering chec...Formulas, Calculations and Ratios for the Income Statem...Definition of Real Estate Gross Operating Income (GOI)Definition of Net Operating Income of a Real Estate Pro...time dilation - Space and Astronomy Definition - Online... |
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