This is a fund comprised of bequests and gifts. Endowments are subject to a requirement that the principal is kept intact and invested so as to create a source of income for an individual or organization. An example of this is an educational institution with endowments to fund scholarships, research, and other activities.
Endowment
This is a fund comprised of bequests and gifts. Endowments are subject to a requirement that the principal is kept intact and invested so as to create a source of income for an individual or organization. An example of this is an educational institution with endowments to fund scholarships, research, and other activities.
