Term Details

English

Term endowment 
Plain Language Definition the gift to an organization which is intended to provide long-term support, which may include both money and property 
Context/Example Four of the charities did not accept the Foundation’s definition of "endowment* and argued it was the same as a bequest. 
Related words
see: endow 
 
This term last modified: 6/20/2008
 
 
 
 
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