Endowment

From ACT Wiki
Revision as of 17:43, 25 August 2019 by Doug Williamson (Talk | contribs) (Classify page.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Not-for-profit.

An endowment is a substantial donation to a not-for-profit organisation, designed to support its aims on a long-term basis.

Endowments are often structured to preserve the principal amount of the donation, using the income only over time.


See also