Endowment funds

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Endowment funds

Investment funds established for the support of institutions such as colleges, private schools, museums, hospitals, and foundations. The investment income may be used for the operation of the institution and for capital expenditures.

Endowment Funds

Portfolios for some non-profits, especially universities, hospitals, and foundations. Endowment funds are usually set aside for capital expenditures, and are only used on an as-needed basis. Having a great deal of money in an endowment fund indicates that the organization is likely on sound financial footing.
References in periodicals archive ?
Vice Chancellor Prof Dr Hassan Amir said that GCU was the only public sector university in Pakistan which had an active endowment fund giving scholarships to around 500 deserving students every year.
Taking over the podium, UoT VC Sabir said, 'The Turbat University is committed to promote and expand Student Endowment Fund for deserving students to make their future prosperous by acquiring higher education at UoT.
On this occasion VC UoT said Turbat University was committed to promote and expand student endowment fund for deserving studentsto make their future prosperous by acquiring higher education in UoT as it is the part of the strategic plan of his institution.
Donations of $100 or more to the Endowment Fund ensure a book on the wall.
In New York State, the New York Prudent Management of Institutional Funds Act (NYPMIFA) permits the governing board, after considering eight specific factors, to appropriate a "prudent" expenditure of funds from a donor-restricted endowment fund (currently classified as permanently restricted net assets).
Thus, according to the interviews, 5 out of 5 top largest universities covered in the study voiced their definite positive response, that they would want to create their own endowment fund.
Harvard University has an endowment fund worth billions of dollars" he saidadding that "GCU was the only public sector university in Pakistan which had an active endowment fund giving scholarships to deserving students".
Endowment Grant applicants were reviewed on a number of criteria, including service to community, financial stability, strategic planning, fundraising capacity, and the impact an Endowment Fund would make on their organization.
The house when sold realised about pounds 50,000 to the CRI endowment fund.
Specifically this endowment fund can be used for the support of: education and research pertaining to the practice of professional registered nursing in Montana and/or grants, loans, and scholarship for history and literary endeavors.
Reverend Michael West, rector of the town's St Giles church, launched the Wrexham Community Endowment Fund last week, to help many small community based projects often overlooked by big name donors.