A life assurance and savings and investment policy, classically sold to back an interest-only mortgage The key word here is "sold" No-one in their right minds would "buy" one of these overcharging and underperforming abominations these days See With Profits Insurance and Surrender Value Also, see Life Insurance
The principal amount of gifts and bequests that are accepted subject to a requirement that the principal be maintained intact and invested to create a source of income for a foundation Donors may require 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
A fund usually in the form of an income-generating investment, established to provide long-term support for the institution, including for faculty/research positions (e g , endowed chair)
A fund usually in the form of an income-generating investment, established to provide long-term support for faculty/research positions (e g , endowed chair)
Funds that are kept permanently and invested to create income for the organization
A life assurance policy related to a mortgage designed to pay off the amount originally borrowed at the end of the mortgage term An endowment policy will pay you a fixed amount on a set date or if you die before that date, in other words it's both a way of saving and life insurance People often use endowments to repay interest only mortgages The drawback of them is that it is often unclear how much you are having to pay in charges and the plans are often very rigid, so if you start an endowment and then decide to cancel it, you might not get back what you paid in
Funds donated to U of T by a person, or corporation, either directly or in a will Endowments are invested to earn income Only the investment income from an endowment is available for spending The original capital remains intact See also Pure endowment and Designated endowment
An endowment is a gift of money that is made to an institution or community in order to provide it with an annual income. the National Endowment for the Arts
Funds intended to be invested in perpetuity to provide income for continued support of a not-for-profit organization
A type of funding to be kept permanently and invested to give income for the continued support of an institution or organization
A permanently restricted net asset, the principal of which is protected and the income from which may be spent and is controlled either by donor restriction or the organization's governing board Topic areas: Fundraising and Financial Sustainability
Funds legally designated by the donor to be kept permanently and invested to provide income for support of an organization or a specific aspect of its work
Life insurance payable to the policyholder, if living, on the maturity date stated in the policy or to a beneficiary if the insured individual dies prior to that date
In an endowment fund, the principal is invested, and only a portion of the investment earnings is spent The rest of the earnings are channeled back into the fund, so that the endowment grows over time In this way, the endowment becomes a perpetual source of funding for whatever the donor wishes to achieve
natural qualities or talents the capital that provides income for an institution
the act of endowing with a permanent source of income; "his generous endowment of the laboratory came just in the nick of time" natural qualities or talents the capital that provides income for an institution
Interest earning fund in which the principal is retained to earn interest indefinitely The interest earned is used to fund the programme, scholarship, or purpose designated by the donor Assets owned and invested by a nonprofit from which generally only the income can be expended for operations Endowments can be restricted for particular purposes Endowments can be "legal" or "quasi " Legal endowments are those which donors give with restrictions for particular uses Quasi endowments are assets of a nonprofit which the board or administration has decided to hold as an endowment; subsequent action of another board or administration could change or end a quasi endowment
The principal amount of a gift or bequest accepted by an organization or foundation The principal is intended to be maintained intact and invested to create a source of income for an organization or foundation As a donor, you may require that the principal remain intact forever, for a defined period of time, or until sufficient assets have accumulated to achieve a designated purpose
Donors can choose to have their contributions endowed When endowed, the fund created by the gift becomes part of the University's investment portfolio and only the interest earned can be spent for the purpose(s) set forth in the endowment agreement Such an endowment lasts forever