What is an endowment?

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What is an endowment?

Does a church count?

2007-04-10 09:27:33 · 2 answers · asked by Peggy Pirate 6 in Politics & Government ➔ Government

2 answers

A "donation" is a one time gift of money or property.

An "endowment" is the setting up of a trust. The recipient of the trust is (usually) not permitted to touch the principal in the trust, but may use the earnings of the trust for specifically permitted purposes.

Yes, churches can be the recipients of an endowment.

2007-04-10 22:16:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋

An endownment is someone giving money to something or someone, normally for some reason to be done.

2007-04-10 21:50:27 · answer #2 · answered by allen w 7 · 0⤊ 0⤋