That which is given or bestowed upon the person or mind; gift of nature; accomplishment; natural capacity; talents; -- usually in the plural.
Funds given with the requirement that the principal be maintained intact and invested to create a source of income for a not-for-profit organization.
A permanent fund that provides, through its dividends, a source of income for an organization. The principle is intended to remain intact, and a portion of the draw from the dividend is usually reinvested into the endowment.
An endowment policy combines savings and life assurance cover. The investment element is not guaranteed but the life assurance will pay you a fixed amount if you die during the term of the policy. back
a principal sum, permanently set aside and invested by a charity, with only the income used for charitable purposes.
a permanent fund invested to produce income, with only a portion of the investment earnings being spent. The rest of the earnings are channeled back into the fund so that the endowment grows and becomes a perpetual source of funding. Over time, a well-managed endowment grows faster than the usual rate of inflation, providing a continual source of funding
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 funds contributed for the creation of a CSO. Endowments are usually invested and their income is used for the operation or programs of the organization. Foundations are usually created through an initial endowment.
The transfer of money or property (usually as a gift) to a public organization for a specific purpose, such as medical research or scholarships.
A permanent fund designated for investment, from which income is drawn annually for the school's operating budget or for specific programs. Gifts to the endowment support The Blake School in perpetuity since the school uses only a fixed percentage of the total value of the fund each year.
A life insurance policy on your life tied to a lump sum payoff at the end of the term of the policy or upon the death of the policy holder.
A regular savings plan which includes an element of life cover and investment. Often used to repay a mortgage loan but can also be used as a savings plan.
life assurance policy into which you pay monthly premiums. The proceeds are free from all taxes as long as the policy conforms to all the qualifying rules. See also: with profit, unit linked, unitised with profits.
A fund usually in the form of an income-generating investment, established to provide long-term support for programs to enhance, supplement existing student services.
Money that is made available to a foundation by a donor, and is then invested so as to provide funds out of which grants are made, taxes paid, operating expenses met, and so forth.
is a permanent fund where gifts to the fund are held in perpetuity and where earnings are used in accordance with the donor's specified wishes.
Energy mutual fund Enhanced indexing
A fund set up by an institution (usually a university) to finance programs of study or professorships.
a type of life assurance policy with an investment element that has a fixed term and can be used as a mortgage repayment vehicle with an interest-only mortgage.
Guaranteed cash accumulation up to the original face amount to the policy. Most traditional whole life policies have an endowment feature that endows at age 95 or 100.
A permanent stewardship fund established to support costs of maintaining a property or defending and monitoring a conservation easement. Permanence is assured by restricting withdrawals from the principal and relying on investment income for annual cost.
An endowment policy is a life assurance policy which also helps you save. It pays you a fixed amount, plus any bonuses that may have been added, on a set date or if you die before that date. Endowments linked to mortgages are used to pay off an interest-only mortgage at the end of its term, but they cannot guarantee to do this.
refers to money donated with the intention that it be invested to generate income. The donor may require the principal remain intact for a specific period of time or in perpetuity.
Funds or property that are donated with either a temporary or permanent restriction as to the use of principal.
This is a life assurance policy where you would pay a monthly premium sometimes with critical illness protection as well. The proceeds of an endowment policy will be free from all taxes provided the policy has conformed to the qualifying rules. The insurance fund does, however, pay tax on the profits it achieves whilst the fund is growing.
A permanent fund bestowed upon an individual or institution, such as a university, museum, hospital, or foundation, to be used for a specific purpose.
A life assurance policy that is designed to produce a lump sum to pay off an interest only mortgage. There are a number of different kinds of endowment policies: 'with-profits', 'unit-linked' etc.
An endowment policy is a life assurance savings scheme which allows you to pay in a regular sum of money, usually on a monthly basis, for a fixed period of time, whilst providing you with life assurance. The money paid into the scheme can be invested in a range of different ways, including stocks and shares.
Refer to PERMANENT FUNDS.
A generic term for a variety of long term insurance and investment policies. These may be linked to a mortgage, and they are intended to produce a lump sum to pay off the capital at the end of term of an interest-only mortgage. In most cases the returns on endowments are not guaranteed and therefore this method of mortgage repayment may not be suitable for those who are cautious.
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.
A permanent fund established to support costs of a named project or easement. Permanence is assured by restricting withdrawals of principal and generally relying on investment income for support.
Money from bequests or outright gifts to the University that is invested in perpetuity to produce amounts to be distributed for pre-determined purposes according to the endowment distribution policy. Funds deposited in an endowment are not expendable; they are invested for the purpose of retaining and increasing the principal of the endowment. Distribution of earnings from the endowment coincides either with the donor's wishes or, if there is no restriction on spending the earnings, at the discretion of University leaders.
An investment product that a borrower pays into over the course of a mortgage that is designed to pay a lump sum which can then be used to repay a mortgage debt. (it also provides life cover of a certain amount). Endowments can be used alongside an interest only mortgage.
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"
a bequest or gift in which the interest earned provides an income for an institution
a collection of assets invested for
a contribution where the original capital donation is preserved in perpetuity
a designated amount that is invested to produce annual income in perpetuity, which is then directed toward the donor's interests
a donation that is invested, and the interest generated is used to fund a specific sport or one of the athletic programs
a donation to Billiken Athletics, which is invested and the interest generated from the principle is used to fund an athletic scholarship
a financial gift that provides an income in perpetuity for a specified use
a fund created for a specific purpose
a fund designed for the long-term support of the beneficiary
a fund donated permanently to a college , university , or other non-profit institution, in which the income earned each year is used to support
a fund established in perpetuity in that only the income it produces is used each year for the specific purposes identified by the donor
a fund established to permanently support a specific need at the university
a fund invested to provide a stable income to the University
a fund in which the original and subsequent contributions are held in perpetuity and invested to provide an ongoing stream of revenue for a nonprofit organization or organizations
a fund set aside and invested for the purpose of earning income that can then be used to provide scholarships or support for academic programs
a fund that exists in perpetuity
a fund that expends only income to support the purpose stated by the donor, while holding the principal intact
a fund that generates revenue through interest, dividends and appreciation - the principal is not touched
a fund that grows over time and distributes the interest earned as a student scholarship
a fund that is invested permanently, and appreciates over time to provide income for the continued support of an organization
a fund that is kept in perpetuity
a fund that is maintained in perpetuity, and a portion of the annual investment return is used for the purposes specified by the donor
a fund that is set aside for a specific purpose
a fund that must be invested, and only the income from these funds can be spent
a fund that the UW-Platteville Foundation maintains in perpetually
a fund where the principal is never withdrawn and spent, but invested perpetually to produce income forever for Project Wildlife
a gift asset that is invested to earn income for a specific purpose
a gift, but it is a special kind of gift
a gift fund invested to produce a steady flow of income both now and in the future
a gift, generally given by a higher power
a gift given to an organization
a gift made to Campbell University School of Pharmacy to be held in perpetuity
a gift made to the SFASU Foundation, Inc
a gift made with the request that the initial gift remain intact and that only the interest is used during any year
a gift of financial resources that provides a stable base for funding
a gift of principal that is preserved in perpetuity and never encroached on
a gift placed in an income-generating fund with the returns used to cover the costs of a specified program
a gift that cannot be spent
a gift that is held in perpetuity and invested to earn a steady stream that provides ongoing support for the activities designated by the donor
a gift that is placed in a permanent fund
a gift that keeps on giving
a life assurance policy that is designed to help pay off a mortgage by investing the monthly premiums paid to the provider
a long-term fund usually used in the form of a scholarship
a long-term gift to an organization
a long-term investment in Angelo State University that benefits students, faculty, and programs year after year
a long-term investment in the University of Minnesota that provides benefits to students, faculty or programs year after year, generation after generation
a long-term savings policy, typically running for ten to twenty-five years
a method by which sums of money or equivalent monetary value are contributed to CSF and invested with the purpose of deriving interests or gains which, in turn, provide funding for scholarships
an account established under the condition that only the interest (or income, as it is called) earned by the principal (or corpus) can be spent
an asset owned and invested by a nonprofit from which generally only the income can be expended for operations
an established fund of cash, securities, or other assets which is set aside to provide a long-term stream of income for the maintenance of a non-profit organization
an established fund restricted for a particular aspect of the school (i
an excellent way to provide a lasting source of funding to schools through interest income
an investment fund set aside for the long term support of a charitable organization
an investment in the future and a way for you to leave a legacy to Iliff that will continue to give indefinitely
an investment in the future of Tompkins Cortland Community College
an investment of a large amount of money where the interest is donated to a distinguished scholar to assist in his research," according to Karen Mac of the UCLA public information service
an investment product and can only be sold to you by a firm or adviser who is authorised to do so by the Financial Services Authority
an investment that provides endless support to charitable causes
a permanent fund bearing the name of the donor or community group
a permanent fund from which income is used for the purpose specified by the donor
a permanent fund from which investment income can be used for a designated purpose
a permanent fund held by or for a Montana charity whereby only the income and growth is used to carry out the charity's mission
a permanent investment in the future of the College of Education and a legacy to the investor
a permanent legacy which insures that the many good works of our organization continue on in perpetuity
a permanent source of funding that will help you create a lasting legacy
a perpetual fund created through a gift that is held and invested to provide income for use in support of the Medical System as designated by you
a pool of funds that are held in trust for the future use of the school
a present or a gift, something that we keep forever
a property, fund, or revenue permanently appropriated for the
a regular savings or investment plan, which is usually associated with mortgages
a reserve fund with special rules and restrictions as to its use
a restricted fund that is invested over time for growth and income
a savings policy that homeowners take out
a scholarship or fund providing a permanent legacy through the interest earned from the principal
a segregated fund that Catholic Charities sets aside for a specific purpose
a source of sustainable funding for the Museum and its programs, with income from this fund permanently benefiting the Museum and its programs
a stable philanthropic investment that yields secure, significant annual returns
a unique gift for a family member, friend, or organization
A savings and insurance plan you pay into on a regular basis, usually monthly. Money is mostly invested in stocks and shares over a fixed period. Endowments can be attractive as they could provide a cash lump sum upon maturity. However, there are many cases of shortfalls because the stock market has not performed as well as expected. The insurance part is a life insurance policy that covers payments into the investment in the event you die.
Funds that are kept permanently and invested to create income for the organization.
The commonly accepted meaning for endowment is a fund which is kept in perpetuity to provide interest and dividend earnings for the benefit of a charitable cause.
A pool of property held by charity and invested to provide an annual income for use by the charity.
An Endowment Mortgage is savings based mortgage with life assurance. Part of your repayment pays the interest only and the other is invested by the lender. These were designed to allow you to pay a smaller monthly premium. At the end of the policy your invested amount should be enough to pay off the balance of your mortgage. However current Endowment Mortgage Policy Holders have been notified that the final invested amount is unlikely to cover the final balance of their mortgage.
This is a savings plan with a life assurance investment policy included that is assigned to the lender. This sum assured is payable on maturity or prior death of the policyholder to the lender and is used to repay the mortgage at the end of its term. There are different types of endowments but the most common is a with profits fund. Endowment policies do not always generate enough money during its term to pay off the mortgage at the end of its term. This is currently the case with many endowment policiesin the UK.
An interest-only mortgage where the capital is made through investment funded by a separate endowment policy. The endowment policy is a form of life insurance that pays out a lump sum at its term end.
The labour income that a household has to spend over its lifetime.
A fund permanently restricted by the donor. Interest generated may be unrestricted, temporarily restricted, or permanently restricted.
A savings plan with built-in life assurance that can be used as the repayment vehicle on an "interest-only" mortgage. Exchange of contracts This is the point at which the respective solicitors swap contracts agreeing the price, fixtures and fittings, and completion date for the move. Everything is now legally binding. The buyer is now responsible for the new property's buildings insurance and, if either the buyer or seller withdraw, compensation will have to be paid.
Provide with a permanent income.
If a person opts for an interest only mortgage, they will also need to pay towards an endowment, which is an insurance policy designed to mature over the years and pay off the majority of the mortgage at the end of the contract.
A life assurance savings scheme designed to pay out a lump sum when the policy matures.
Endowments are life assurance policies with an investment element designed to pay off the outstanding capital on an interest-only mortgage. There are a few types of endowments, such as 'with profits', 'unitised with profits' and 'unit-linked'. in the 1980s, these were sold to customers by salesman who promised that they would be guaranteed to pay off the mortgage at the end of the term. This is not the case, and many endowment holders are having to bump up their premiums.
Assets which are held and invested to provide an income or source of funding.
A life assurance policy providing for a guaranteed sum to be paid on a fixed date (the 'maturity date') or on earlier death. May be either 'with-profits' or 'without profits' ( see under those headings).
The point at which a policy's cash value equals its face amount. For policies satisfying the definition of life insurance under IRC §7702, endowment/maturity can occur no sooner than age 95. [Also see maturity.
An endowment mortgage is an interest-only mortgage that is repaid by the proceeds of an endowment assurance policy. An endowment assurance policy is a fixed-term life assurance policy that combines a regular payment of premiums to pay for life cover plus a savings/investment element. A lump sum of money is paid out at the end of the policy that should be enough to repay the mortgage.
Assets, funds or property donated to an institution, individual or group as a source of income.
A life assurance policy that is used as an investment plan to pay off an interest-only mortgage. The policy should produce an amount equivalent to the loan amount at the end of the mortgage term.
A gift/donation that is intended to be kept permanently and invested to create income for an organisation or foundation.
A contribution of a sum of money whose net investment return supports a specific program, mandate, award or prize.
A type of insurance policy which provides for the face amount stated in the contract to be payable in a fixed date or on the life insured's earlier death.
A monthly savings and insurance plan that pays you in a large one time sum once it matures. The money invested can be put into stocks of your choice set up to be invested over a fixed period of time. In the untimely event of your death, the insurance plan will cover any leftover payments.
A life assurance policy that is designed to produce a lump sum to pay off an interest-only mortgage. There are different types of endowments, for example, 'with-profits', 'unit-linked' and 'unitised with-profits'.
An endowment policy is a savings policy which provides life assurance cover for a policyholder. The policy exists for an agreed term, the minimum term usually being 10 years. A cash sum is paid out at the end of the policy term (on maturity), or in the event of the earlier death of a policyholder, either a predetermined sum (in the event of death) or an agreed capital sum on maturity.
A pool of property held by a charity and invested to provide an annual income for the institutions purposes.
Funds invested by an organization with the intent to provide interest-generated income for continued support of a nonprofit organization.
Endowment - a form of savings based life assurance policy frequently used to repay home loans.
A permanent investment account maintained by charities. Funds of endowments are invested with twin goals: capital appreciation (growth of principal) and income. All or a portion of an endowment's income are traditionally used by charities to meet the current expenses of operation. Charities often maintain separate endowment accounts for specified purposes such as scholarships.
A special type of long-term savings policy sometimes used to help repay an ‘Interest Onlyâ€(tm) mortgage. An endowment policy will aim to build up a cash sum large enough to repay the loan at the end of the mortgage term. It will also include an element of life insurance to help repay the loan should you die beforehand.
Life insurance payable to the policyholder if living, on the maturity date stated in the policy, or to a beneficiary if the insured dies prior to that date.
A gift of money to an institution for a specific purpose.
A capital fund, usually invested in perpetuity, to provide income for grantmaking purposes.
A life assurance plan used to pay of a mortgage at the end of its term in a lump sum.
An endowment is a life assurance policy that is designed to produce a lump sum to pay off an interest only mortgage.
A financial investment product which also includes an element of life assurance cover, usually taken out over a set period of time or ‘termâ€(tm). At the end of the term, the proceeds form the policy, if it has conformed to certain qualifying rules, are tax-free. Different types of endowment include ‘with profitsâ€(tm), ‘unitisedâ€(tm) and ‘unit linkedâ€(tm).
Funds intended to be kept permanently and invested to provide income for continued support of an organization.
provides a permanent source of present and future income to your Jewish community or a charitable interest of your choice. You can indicate how the income should be used – for unrestricted use by the Jewish community or for a specific program or organization. This permanent fund can be created in your name or the name of someone you wish to honor or remember.
Life insurance contract that pays the face amount if the insured dies during the premium paying period or at the end of this period.
The bequest or legacy gift of some permanent asset to an individual or institution, usually intended to generate income to support their general purposes.
Gift of money or property to a specified institution for a specified purpose.
A regular savings policy which is a combination of life cover and investment. Can either be bought as a savings plan or be used to pay off a mortgage.
These gifts are placed in a permanent fund allowing only the earned interest to be spent. The primary beneficiary of most Cheverus High School endowment income is the school's financial aid program. As the endowment grows, so does the strength and accessibility of Cheverus to every qualified student. Gift Clubs – Cheverus established gift clubs to encourage and honor donors who support the school at their highest level possible. Membership is open to all Alumni, Parents, Friends, and Businesses.
A life assurance policy that pays a lump sum at the end of a fixed term and provides life cover at the same time. If you have a mortgage backed by an endowment your monthly mortgage payments will only cover the interest on the amount you are borrowing, and you will use the funds you get from the endowment when it matures to repay the loan itself. These types of mortgages were very popular in the 1980s, but have attracted criticism in the Press in recent years because of accusations of mis-selling and situations where maturing policies haven’t raised sufficient funds to repay the mortgage. If you have an endowment mortgage - or are considering one - it is important that you get impartial advice and check that your monthly payments into the policy are sufficient to give you enough funds to repay the mortgage at the end of the mortgage term.
Cash or property donated to the Foundation with the intention that it be invested to generate income for philanthropic purposes. The principle is kept intact, and only a portion of the earnings is available for other purposes, such as grantmaking.
Endowments are life assurance policies with an investment element designed to pay off the outstanding capital on an interest-only mortgage. There are a few types of endowments, such as 'with profits', 'unitised with profits' and 'unit-linked'. In the 1980s, these were sold by salesman who seemly suggested that these policies were "guaranteed" to pay off the mortgage at the end of the term. However, the investment returns on these policies have fallen to below what was previously considered to be the norm. Consequently, many policies are not worth what was originally forecast and may not fully repay the money borrowed at the end of the mortgages' term.
A form of life insurance that pays a tax-free lump sum at the end of its term or a guaranteed amount - usually the mortgage debt - in the event of the policyholder's death. Once a popular method of repaying an interest-only mortgage, but now out of favour. Economic changes since they were sold means that many endowments are now performing badly and may not grow enough to pay off people's mortgages.
A life assurance policy designed to produce a lump sum, usually at the end of your mortgage term.
A life assurance policy that is designed to produce a lump sum which can be used to pay off an interest only mortgage.
A type of funding to be kept permanently and invested to give income for the continued support of an institution or organization.
A body of funding that generates investment or interest income for an agency. Usually the principal of the endowment fund remains untouched, while the agency is free to spend or reinvest the interest income it generates.
n. the creation of a fund, often by gift or bequest from a dead person's estate, for the maintenance of a public institution, particularly a college, university or scholarship.
an endowment policy is a combination of life insurance and savings which will pay out on maturity or in the event of death.
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).
a pool of funds held by the Foundation which is invested to provide an annual income for the institution.
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.
A capital fund invested to provide annual interest to support a charitable purpose. Typically, a land trust's endowment funds are merged for management and investment purposes, but each component should be recorded and reported in separate fund accounts. A responsible organization will observe a firm policy capping the amount of income that is withdrawn each year so that the endowment continues to grow. Some endowments allow for withdrawals of principal for stated purposes, others do not. It is important for an organization and donor to discuss the terms of a proposed endowment and agree on a clear statement for their records.
A type of life insurance policy that pays the face amount if the insured dies during a specific period of time and also pays the face amount if he or she lives to end of that period.
This is a combined life assurance/savings policy designed to produce a lump sum to pay off an Interest Only mortgage.
In life insurance, a contract that provides for the payment of the face amount at the end of a fixed period, or at a specified age of the insured, or at the death of the insured before the end of the stated period.
A bequest or gift that is intended to be kept permanently and invested to create income for an organization or foundation.
An investment vehicle combined with life assurance over a specific term. Typically used in conjunction with an interest only mortgage.
Funds owned by an institution and invested to produce income to support the operation of the institution. Many educational institutions use a portion of their endowment income for financial aid. Schools with larger endowment to student ratios are more likely to award larger and/or more financial aid packages.
The principle amount of a gift or bequest accepted by an organization or foundation. The principle is intended to be kept intact and invested to create a source of income for an organization or foundation. As a donor, you may recommend that the principle remain intact forever, for a defined period of time or until sufficient assets have accumulated to achieve a designated purpose.
A category of a charityâ€(tm)s assets that the donor has restricted to remain intact, usually in perpetuity. If assets are held as endowment, the charity typically spends annually either a percentage of the market value of the assets, or the income generated by the assets, for the purposes for which the endowment was established. An endowment can be unrestricted, meaning distributions can be used for any purpose, or restricted, meaning distributions must be used for a limited purpose, such as funding scholarships. (A charityâ€(tm)s board of directors may decide to set aside charity assets for endowment, but those assets are termed “quasi-endowment†and are considered to be unrestricted assets from an accounting perspective.)
Money or income-producing assets in which the principal is permanently held by UI and invested by the trust and investment office to provide growth to the corpus and annual income that benefits a specific program identified by the donor.
Principal or corpus maintained in a permanent fund to provide income for general or restricted use of an agency, institution or programme.
Funds obtained and owned by the postsecondary institution that are invested so that the income from the investment can be used for various purposes such as construction, research, and financial aid.
A bequest, gift, or set of funds that are intended to be kept permanently and invested to generate income for an organization or foundation. state: The property of an individual, both real and personal, in the process of administration.
A fund owned by an individual that is to be used for a specific purpose.
This is a regular savings policy, which provides a combination of life assurance cover and investment. Policies are taken out for: mortgage repayment (mortgage endowment) – to provide a regular income, to finance retirement, to pay school fees.
The principal amount of gifts and bequests that are stipulated to be kept intact and invested to create a source of income for an organization.
Donations held in perpetuity and invested or available for investment to produce revenue for current use. The income may or may not be restricted in purpose.
A life assurance policy with a savings and investment element, typically sold as the investment vehicle to repay an interest-only mortgage.
process in place where funds are gathered and provided to a person or cause.
Funds intended to be invested to provide income for continued support of a charitable 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.
A life assurance policy used as a repayment vehicle to pay off a mortgage loan. Some policies offer an additional amount when the policy matures. However, this depends on the investment performance of the policy. There is a risk of shortfall in the anticipated amount on maturity if the policy does not perform as expected
Funds or property bestowed upon a person or institution where upon the income is used to serve a specific purpose for which the endowment was intended.
A life insurance policy paid to the policyholder on the maturity date, or to a beneficiary if the policyholder dies before that date.
A life assurance policy that pays out a lump sum after a specific period of time or on the death of the policy holder. They can be used as a vehicle for saving or as a way to repay a mortgage. It is important to remember that an endowment is a long-term commitment. A customer who surrenders early may not get back the amount of money they have invested.
The Endowment Committee serves as custodian of the FLC Endowment Fund, the purpose of which is to support the property and mission of FLC. Members are elected to a three year term of office at the January Annual Meeting. Members:!-- mailtag("dick_grote","yahoo.com","Dick Grote"); -- (chair), Nick Larsen, Carol Larson
In the Latter Day Saint movement, the Endowment is a gift of "power from on high" that has several meanings in various contexts of Latter Day Saint theology. In some denominations of the Latter Day Saint movement, the Endowment refers to an ordinance (ritual ceremony) introduced by Joseph Smith, Jr. that has been practiced within some Latter Day Saint temples. Many Latter Day Saints also understand the Endowment to refer to an outpouring of Gifts of the Holy Spirit that occurred in the religion's first temple at Kirtland, Ohio in 1836.
