Financial endowment

A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial resources, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal or "corpus" value is kept intact, while a portion of the fund can be spent each year, utilizing a prudent spending policy.

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Source: Wikipedia · Image: Wikimedia Commons · Public domain

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