A fund whose principal must be maintained inviolate but whose income may be expended. An endowment fund is accounted for as a trust fund.
A special account usually for the benefit of a nonprofit institution such as a school. Funded by private donations, often for a specific purpose.
Assets of a non-profit organization (typically a university or hospital) that is engaged in social service, educational, religious, or charitable activities. Historically, endowment funds have been managed to preserve capital while providing high current income. However, this income is tax-free and regular distribution is not required.
the capital that provides income for an institution
a fund that is maintained in perpetuity
a fund whose donor has stipulated that the fund principal must remain inviolate and that only income may be expended
an income-generating mechanism that involves setting aside money to create interest
an investment fund which aims to aims to create long-term financial support for an organization
an irrevocable donation that provides income in perpetuity and can be restricted to fund a specific purpose
a permanent base of funds that is invested to produce an income stream
a permanent investment account
a perpetual source of income for financial aid, faculty salaries and benefits, professional development or emergencies
a reservoir of funds which individuals, foundations and corporations donate to Santa Barbara County's United Way
a restricted fund that is invested in stocks, bonds, and other investment vehicles that provide income, dividends, and capital gains from these investments
a separate pool of money where the principal is invested and only the income is used
a type of fund that, once set up, the principal amount cannot be withdrawn from or closed
A fund created in support of the work of a particular nonprofit organization
An investment fund created to support institutions such as colleges, museums, hospitals and other non-profits organizations.
a separate accounting fund that is used to provide long-term stability to an organization. The balance of these accounts typically cannot be used for cash match or operating expenses.
Restricted funds from which only the income (e.g. interest) from investing the principal may be spent.
The permanently held capital of a non-profit, income and/or principal from which is used to support ongoing projects and meet institutional opportunities.
A fund that provides a permanent source of present and future income. The assets contributed to the fund are invested and the corpus is left intact; a fixed percentage of the fund's value is used for immediate purposes. This income can be used to fund any specified program or one's Annual Campaign gift in perpetuity (a so-called PACE, LOJE or Moses gift.)
An established fund of cash, securities or other assets to provide income for the maintenance of a not-for-profit organization. The use of the assets of the fund may be permanently restricted, temporarily restricted or unrestricted. Endowment funds generally are established by donor-restricted gifts and bequests to provide a permanent endowment, which is to provide a permanent source of income, or a term endowment, which is to provide income for a specified period. The portion of a permanent endowment that must be maintained permanently -- not use up, expended, or otherwise exhausted -- is classified as permanently restricted net assets. The portion of a term endowment that must be maintained for a specified term is classified as temporarily restricted net assets. An organization's governing board may earmark a portion of its unrestricted net assets as a board-designated endowment (sometimes referred to as funds functioning as endowment or quasi-endowment funds) to be invested to provide income for a long but unspecified period. A board-designated endowment, which results from an internal designation, is not donor-restricted and is classified as unrestricted net assets.
A donation made to fund a specific objective. The charity would then invest the donation and use the income generated to fund the specified project.
A permanent fund that has been established to produce income for either restricted or unrestricted purposes.
