Endowment

The word endowment refers to the act of providing a gift or donation to an organization, typically in the form of money or property, with the intention of supporting its ongoing operations or specific purposes. It can also refer to the funds or assets that have been donated or set aside for this purpose. An endowment Is often established by individuals, families, or institutions to create a lasting impact and ensure the sustainability of an organization or cause. The donated funds are invested, and the returns generated from these investments are used to fund various activities, projects, or scholarships. Endowments are commonly seen in the context of educational institutions, such as universities or colleges, where they are used to support scholarships, faculty positions, research, or infrastructure development. These endowments help provide a stable source of income for the institution and enable them to pursue their mission and goals. The concept of endowment Is rooted in the idea of long-term sustainability and ensuring the continued existence and growth of an organization or cause. It allows for the prudent management of resources and provides a reliable source of funding.