Knowledge (XXG)

Financial endowment

Source 📝

203: 20: 604: 1508:, a small town of 5,000 people, in 1983. Today, it has approximately $ 2 million in endowed principal, which generates approximately $ 110,000 annually to distribute in scholarships to high school graduates and fund special projects in the district, which can not be afforded by the tax base. To promote the development of endowment associations across Kansas, USD 368 Endowment Association, which received a statewide award recognizing, has developed a "starter kit" to assist other Kansas school districts in the organization and establishment of new endowment associations. 481:) is a position permanently paid for with the revenue from an endowment fund specifically set up for that purpose. To set up an endowed chair generally costs between US$ 1 and $ 5 million at major research universities. Typically, the position is designated to be in a certain department. The donor might be allowed to name the position. Endowed professorships aid the university by providing a faculty member who does not have to be paid entirely out of the operating budget, allowing the university to either reduce its student-to-faculty ratio, a statistic used for 529: 2778: 2768: 2748: 2728: 2718: 63: 2758: 2738: 734:
artists", related feedback from an unnamed Native leader that "nce put the stuff in place for an Indian program, then it is not usually funded very well. It lasts as long as the program officer who had an interest and then goes away" and recommended that an independent endowment be established and that "ative leadership is crucial".
658:
indicates that major academic endowments often act in times of economic downturn in a way opposite of the intention of the endowment. This behavior is referred to as endowment hoarding, reflecting the way that economic downturns often lead to endowments decreasing their payouts rather than increasing
402:
Academic institutions, such as colleges and universities, will frequently control an endowment fund that finances a portion of the operating or capital requirements of the institution. In addition to a general endowment fund, each university may also control a number of restricted endowments that are
705:
Critics like Justice Funders' Dana Kawaoka-Chen call for "redistributing all aspects of well-being, democratizing power, and shifting economic control to communities.". Endowment repatriation refers to campaigns that acknowledge the history of human and natural resource exploitation that is inherent
485:
and other institutional evaluations, or direct money that would otherwise have been spent on salaries toward other university needs. In addition, holding such a professorship is considered to be an honour in the academic world, and the university can use them to reward its best faculty or to recruit
456:
In the United States, the endowment is often integral to the financial health of educational institutions. Alumni or friends of institutions sometimes contribute capital to the endowment. The use of endowment funding is strong in the United States and Canada but less commonly found outside of North
634:
is often used to illustrate the downsides of the legal concept of donor intent as applied to endowments. In the 2000s, Helmsley bequested a multi-billion dollar trust to "the care and welfare of dogs". This trust was estimated at the time to total 10 times more than the combined 2005 assets of all
323:
and asked him to advise him about it. The Prophet said, 'If you like, make the property inalienable and give the profit from it to charity.'" It goes on to say that Umar gave it away as alms, that the land itself would not be sold, inherited or donated. He gave it away for the poor, the relatives,
710:
Many might say that, by definition, philanthropy is about redistributing resources. Yet to truly embody this principle, philanthropy must move far beyond the 5% payout requirements for grants and distribute ALL of its power and resources. This includes spending down one's endowment, investing in
706:
to many large private funds. Repatriation campaigns ask for private endowments to be returned to the control of the people and communities that have been most affected by labor and environmental exploitation and often offer ethical frameworks for discussing endowment governance and repatriation.
511:
is tuition (and possibly other costs) assistance that is permanently paid for by an organisation or individual with the revenue of an endowment fund specifically set up for that purpose. It can be either merit-based or need-based (the latter is only awarded to those students for whom the college
498:
is a position permanently paid for to recruit and retain new and/or junior (and above) professors who have already demonstrated superior teaching and research. The donor might be allowed to name the faculty fellowship. A faculty fellow appointment cultivates confidence and institutional loyalty,
721:
After the Heron Foundation's internal audit of its investments in 2011 uncovered an investment in a private prison that was directly contrary to the foundation's mission, they developed and then began to advocate for a four-part ethical framework to endowment investments conceptualized as Human
594:
In the United States, typically 4–6% of the endowment's assets are spent every year to fund operations or capital spending. Any excess earnings are typically reinvested to augment the endowment and to compensate for inflation and recessions in future years. This spending figure represents the
733:
in 2007. The Ford Foundation provided a portion of the initial endowment after self-initiated research into the foundation's financial support of Native and Indigenous artists and communities. This results of this research indicated "the inadequacy of philanthropic support for Native arts and
163:
All endowments ensure that the original principal, inflation-adjusted, is held in perpetuity and prudent spending methods should be applied in order to avoid the erosion of corpus over reasonable time frames. Restricted endowments may also facilitate additional donor requirements.
155:
Quasi endowment funds are designated endowments by an organization's governing body rather than by the donor. Therefore, both the principal and the income may be accessed at the organization's discretion. Quasi endowment funds are still subject to any other donor restrictions or
175:
Endowment revenue can be restricted by donors to serve many purposes. Endowed professorships or scholarships restricted to a particular subject are common; in some places, a donor could fund a trust exclusively for the support of a pet. Ignoring the restriction is called
512:
expense would cause their family financial hardship) depending on university policy or donor preferences. Some universities will facilitate donors' meeting the students they are helping. The amount that must be donated to start an endowed scholarship can vary greatly.
646:. He created a corporately structured foundation that could utilize community gifts in a responsive and need-appropriate manner. Scrutiny and control resided in the "live hand" of the public as opposed to the "dead hand" of the founders of private foundations. 786:
Generally, endowment taxes are the taxation of financial endowments that are otherwise not taxed due to their charitable, educational, or religious mission. Endowment taxes are sometimes enacted in response to criticisms that endowments are not operating as
151:
True endowment (also called permanent endowment). This is the type that is subject to UPMIFA in most states. The donor has stated that the gift is to be held permanently as an endowment, either for general purposes or for specific (or restricted)
384:), is a pond called Birkat Ḥabash together with its surrounding orchards, whose revenue was to be used to operate a hydraulic complex and feed the poor. In India, wakfs are relatively common among Muslim communities and are regulated by the 760:
which was used to protest apartheid policies. By the end of apartheid, more than 150 universities divested of South African investments, although it is not clear to what extent this campaign was responsible for ending the policy.
515:
Fellowships are similar, although they are most commonly associated with graduate students. In addition to helping with tuition, they may also include a stipend. Fellowships with a stipend may encourage students to work on a
833: 264:
The earliest universities were founded in Europe, Asia and Africa. Their endowment by a prince or monarch and their role in training government officials made early Mediterranean universities similar to Islamic
120: 711:
local and regional economic initiatives that build community wealth rather than investing in Wall Street, giving up decision-making power for grants, and, ultimately, turning over assets to community control.
328:, the travelers and the guests. And it will not be held against him who administers it if he consumes some of its yield in an appropriate manner or feeds a friend who does not enrich himself by means of it. 180:" the endowment. But change of circumstance or financial duress like bankruptcy can preclude carrying out the donor's intent. A court can alter the use of restricted endowment under a doctrine called 2648: 1835: 2226: 768:
which refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return."
434:
at both universities, this time in five subjects: divinity, civil law, Hebrew, Greek, and physic—the last of those corresponding to what is now known as medicine and basic sciences. Today, the
813: 397: 112: 1744: 2721: 2198: 582: 140: 1360:"تعريف و شرح و معنى حبوس بالعربي في معاجم اللغة العربية معجم المعاني الجامع، المعجم الوسيط ،اللغة العربية المعاصر ،الرائد ،لسان العرب ،القاموس المحيط – معجم عربي عربي صفحة 1" 1063: 591:
and managed by a trustee or team of professional managers. Typically, the financial operation of the endowment is designed to achieve the stated objectives of the endowment.
1603: 1024: 147:
that helps define what restrictions are imposed on the principal and earnings of the fund. Endowments in the United States are commonly categorized in one of three ways:
662:
Large U.S.-based college and university endowments, which had posted large, highly publicized gains in the 1990s and 2000s, faced significant losses of principal in the
159:
Term endowment is created with a gift or funds set aside by the board which can be spent in their entirety upon a set date or occurrence, such as the death of the donor.
105: 2219: 1094: 1786: 823: 92:
independent of the organizations and the causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g.,
202: 2295: 423: 2781: 2212: 2033: 19: 2064: 573:
which are typically endowed by an individual or family. The term foundation though may also be used by organizations not involved in public grant-making.
2693: 1983: 1832: 818: 878: 59:
or "corpus" value is kept intact, while a portion of the fund can be (and in some cases must be) spent each year, utilizing a prudent spending policy.
2183: 1876: 947: 840: 548: 403:
intended to fund specific areas within the institution. The most common examples are endowed professorships (also known as named chairs), and endowed
353:(deed) documents are from the 9th century, while a third one dates from the early 10th century, all three within the Abbasid Period. The oldest dated 128: 88:
that, while serving a good cause, might not qualify as a public charity. In some jurisdictions, it is common for endowed funds to be established as a
1037: 427: 1128: 1041: 465:
universities. Endowment funds have also been created to support secondary and elementary school districts in several states in the United States.
968: 607:
Students at Tufts University in 2013 "marched forth on 4 March". The march was a divestment campaign with the goal of pressuring universities to
2172: 1735: 2156: 1518: 1318: 1298: 66: 1897: 828: 1273: 697:
reported a loss of 31% ($ 545 million) of its previous year-end value in 2009. The loss is attributed to over-investment in hedge funds.
2515: 2510: 678:, reported an endowment of $ 16 billion as of September 2009, a 30% annualized loss that was more than predicted in December 2008. At 603: 2418: 1334:
as Royal Offices: Mediterranean Universities of Medieval Europe", in Courtenay, William J.; Miethke, Jürgen; Priest, David B. (eds.),
124: 1462: 1252: 1229: 1212: 1188: 1055: 446: 269:, although madrasas were generally smaller, and individual teachers, rather than the madrasa itself, granted the license or degree. 104:); cultural institutions (e.g., museums, libraries, and theaters); service organizations (e.g., hospitals, retirement homes; the 1595: 1548: 2303: 2280: 1762: 757: 482: 358: 2751: 2493: 2108: 1343: 565:
through grants, but may engage directly in charitable activities. Foundations include public charitable foundations, such as
1086: 2083: 1436: 2807: 2761: 2731: 1953: 1702: 380:
The earliest known waqf in Egypt, founded by financial official Abū Bakr Muḥammad bin Ali al-Madhara'i in 919 (during the
756:
campaigns to encourage endowments to not hold unethical investments. One of the earliest modern divestment campaigns was
2741: 2498: 730: 687: 667: 116: 32: 2328: 2323: 2318: 2313: 2308: 1665: 339:
When a man dies, only three deeds will survive him: continuing alms, profitable knowledge and a child praying for him.
2802: 2375: 1265: 1574: 2585: 2535: 2473: 2433: 2380: 303:
religious or charitable purposes with no intention of reclaiming the assets. The donated assets may be held by a
2040: 1927: 674:, the pioneer of an approach that involved investing heavily in alternative investments such as real estate and 2771: 2688: 2683: 2068: 796: 655: 639: 532: 1990: 1783: 922: 870: 2668: 2663: 2618: 1795: 1771: 986: 595:
proportion that historically could be spent without diminishing the principal amount of the endowment fund.
562: 458: 2370: 2191: 1479: 2678: 2643: 2540: 808: 788: 663: 608: 554: 544: 415: 81: 77: 1338:, Education and Society in the Middle Ages and Renaissance, vol. 10, Leiden: Brill, pp. 96–98, 948:"Ivy League Endowments 2015: Princeton University On Top As Harvard Struggles With Low Investment Return" 2595: 2503: 1808: 694: 435: 431: 419: 1120: 2623: 2408: 2285: 2116: 1596:"What is a foundation | Foundations | Funding Resources | Knowledge Base | Tools" 643: 638:
In 1914, Frederick Goff sought to eliminate the "dead hand" of organized philanthropy and so created
625: 566: 462: 385: 44: 2698: 2468: 2463: 2459: 2413: 2015: 679: 181: 56: 1526: 1359: 2673: 2633: 2570: 2565: 2403: 1905: 570: 177: 85: 1270: 1151: 2638: 2365: 2360: 2355: 2270: 2152: 2146: 1458: 1339: 1314: 1294: 1248: 1225: 1208: 1184: 769: 1178: 686:'s endowment fell 27 percent to $ 2.04 billion in the fiscal year that ended June 30, 2009. 2478: 2347: 2258: 1716: 1706: 765: 747: 683: 558: 304: 222: 214: 2658: 2580: 2428: 2390: 2265: 2239: 1839: 1790: 1766: 1748: 1689:
Brown, Jeffrey R.; Dimmock, Stephen G.; Kang, Jun-Koo; Weisbenner, Scott J. (March 2014).
1440: 1277: 726: 671: 536: 450: 381: 285: 276: 250: 234: 206: 43:
is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of
24: 1691:"How University Endowments Respond to Financial Market Shocks: Evidence and Implications" 1984:"Native Arts and Cultures: Research, Growth and Opportunities for Philanthropic Support" 2483: 2398: 2275: 2235: 1844: 675: 631: 528: 101: 1480:"A Brief History of The Lucasian Professorship of Mathematics at Cambridge University" 2796: 2590: 2575: 2555: 2443: 2204: 1740: 1505: 904: 845: 781: 743: 1759: 1420:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 783. Quoted in Waḳf,
1407:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 784. Quoted in Waḳf,
682:, the endowment was reduced from $ 17 billion to $ 12 billion as of September 2009. 2703: 2628: 2600: 2545: 2438: 2090: 621: 520:. Frequently, teaching or working on research is a mandatory part of a fellowship. 442: 258: 226: 144: 97: 70: 62: 52: 2120: 1556: 670:, which held $ 37 billion in June 2008, was reduced to $ 26 billion by mid-2009. 261:. Later, similar endowments were set up in some other major cities of the Empire. 1242: 299:, which typically involves donating a building, plot of land or other assets for 167:
An expendable endowment fund is one which can be spent in certain circumstances.
2488: 1455:
Lady Margaret Beaufort and Her Professors of Divinity at Cambridge: 1502 to 1649
1433: 1244:
A History of the University in Europe: Volume 1, Universities in the Middle Ages
792: 508: 404: 89: 48: 28: 1961: 449:
at Cambridge beginning in 1669, more recently held by the celebrated physicist
357:
goes back to 876 CE, concerns a multi-volume Qur'an edition and is held by the
241:
in AD 176. Aurelius created one endowed chair for each of the major schools of
2653: 2423: 1504:
Kansas incorporated its first public school district endowment association in
1291:
A History of the University in Europe. Vol. I: Universities in the Middle Ages
1205:
A History of the University in Europe. Vol. 1: Universities in the Middle Ages
753: 422:, created the first endowed chairs in divinity at the universities of Oxford ( 411: 242: 193: 1877:"What Do Our Times Require? Funders Propose a Philanthropic "Green New Deal"" 1114: 1112: 539:
reported assets of US$ 12.4 billion and approved US$ 507.9 million in grants.
111:
Private endowments are some of the wealthiest entities in the world, notably
2550: 517: 474: 246: 184:
meaning to find an alternative "as near as possible" to the donor's intent.
1224:
Hunt Janin: "The university in medieval life, 1179–1499", McFarland, 2008,
2148:
Unmaking the public university: the forty-year assault on the middle class
1711: 1690: 1383: 969:"Is Taxing Harvard, Yale and Stanford the Answer to Rising College Costs?" 499:
keeping the institution competitive over hiring and retention of talents.
441:
Private individuals also adopted the practice of endowing professorships.
1203:
Rüegg, Walter: "Foreword. The University as a European Institution", in:
1152:"Alexander of Aphrodisias > 1.1 Date, Family, Teachers, and Influence" 362: 320: 291: 254: 230: 2067:. The Commonwealth Fund 1 East 75th Street, New York, NY. Archived from 1721: 1570: 588: 316: 266: 210: 93: 377:, with no written date but considered to be from the mid-9th century. 108:); and religious organizations (e.g., churches, synagogues, mosques). 2253: 495: 370: 300: 296: 238: 923:"Harvard's Endowment Soars to $ 53.2 Billion, Reports 33.6% Returns" 871:"Harvard's Endowment Soars to $ 53.2 Billion, Reports 33.6% Returns" 1931: 1624: 1009:
Newman, Diana, "Endowment Building", John Wiley and Sons, Inc. 2005
527: 374: 333:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 784
325: 201: 1289:
Verger, Jacques: "Patterns", in: Ridder-Symoens, Hilde de (ed.):
797:
depriving local governments of essential property and other taxes
722:
Capital, Natural Capital, Civic Capital, and Financial Capital.
344:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 78
139:
Most private endowments in the United States are governed by the
55:. Endowments are often structured so that the inflation-adjusted 1483: 850: 388:
and governed by Wakf Act 1995 (which superseded Wakf Act 1954).
312: 272: 197: 2208: 1121:"Bankrupt But Endowed – The NonProfit TimesThe NonProfit Times" 1087:"Monkey to Inherit House, Garden, Trust Fund – India Real Time" 1180:
Aristotle's school; a study of a Greek educational institution
987:"Consolidated Financial Statements December 31, 2017 and 2016" 1650:
Rosenwald, Julius (May 1929). "Principles of Public Giving".
1183:. University of California Press. pp. 19––207, 213–216. 553:
A foundation (also a charitable foundation) is a category of
772:
provide capital to address social and environmental issues.
410:
The practice of endowing professorships began in the modern
814:
Lists of institutions of higher education by endowment size
690:
lost 18% in that same fiscal year, down to $ 1.08 billion.
398:
Lists of institutions of higher education by endowment size
51:, or other investments for a specific purpose according to 2065:"Ways and Means Questions Nonprofit Hospitals' Tax Status" 1453:
Collinson, Patrick; Rex, Richard; Stanton, Graham (2003).
635:
registered animal-related charities in the United States.
587:
A financial endowment is typically overseen by a board of
561:
that will typically provide funding and support for other
418:, Countess of Richmond and grandmother to the future king 1898:"The Resonance Framework: Guiding Principals and Values" 989:. Bill & Melinda Gates Foundation. 3 September 2018 752:
Another approach to reforming endowments is the use of
119:(valued at $ 53.2 billion as of June 2021) is the 76:
Endowments are often governed and managed either as a
2039:. The Global Impact Investing Network. Archived from 1892: 1890: 1857:
Burrows, Malcom D. (2010). "The End of Endowments?".
1044:, published 18 April 2019, accessed 15 November 2023 609:
eliminate investments in fossil-fuel related ventures
583:
Uniform Prudent Management of Institutional Funds Act
430:). Nearly 50 years later, Henry VIII established the 141:
Uniform Prudent Management of Institutional Funds Act
123:
in the world. As of 31 December 2022, the
2609: 2528: 2452: 2389: 2346: 2337: 2294: 2246: 1025:American Institute of Certified Public Accountants 2084:"Testimony Before House Ways and Means Committee" 69:headquarters complex in Seattle as seen from the 1313:by Niall Ferguson, Publisher: Allen Lane 2011 – 764:A proactive version of divestment campaigns is 708: 693:In Canada, after the financial crisis in 2008, 337: 309: 2109:"Cambridge Seeks to Tax Earnings on Endowment" 1928:"Linden Endowment Repatriation Broadside v1.3" 1336:Universities and Schooling in Medieval Society 2220: 8: 2722:Private equity and venture capital investors 2757: 2737: 2694:Taxation of private equity and hedge funds 2511:Private investment in public equity (PIPE) 2343: 2227: 2213: 2205: 1457:. Cambridge University Press. p. 21. 2151:. Harvard University Press. p. 162. 1720: 1710: 1666:"Cleveland Foundation 100 – Introduction" 841:List of wealthiest charitable foundations 738:Divestment campaigns and impact investing 549:List of wealthiest charitable foundations 143:which is based in part on the concept of 1738:, a September 11, 2009 article from the 1085:Dhanya Ann Thoppil (February 19, 2015). 1038:Office of the Scottish Charity Regulator 1005: 1003: 898: 896: 602: 486:top professors from other institutions. 392:Modern college and university endowments 61: 35:was valued at $ 53.2 billion as of 2021. 18: 16:Legal structure for managing investments 1989:. Ford Foundation. 2010. Archived from 1793:, a September 3, 2009 article from the 1784:Stanford University endowment loses big 861: 131:, with an endowment of $ 67.3 billion. 1097:from the original on February 22, 2015 766:impact investing, or mission investing 414:in England on September 8, 1502, when 881:from the original on October 14, 2021 659:them to compensate for the downturn. 428:Lady Margaret's Professor of Divinity 295:property, is a similar concept from 289:), also known as 'hubous' (حُبوس) or 284: 67:The Bill and Melinda Gates Foundation 7: 2034:"2017 Annual Impact Investor Survey" 1769:, a September 10, 2009 article from 1293:, Cambridge University Press, 2003, 1247:, Cambridge University Press, 1992, 1207:, Cambridge University Press, 1992, 1054:Ashlea Ebelling (January 13, 2010). 503:Endowed scholarships and fellowships 1670:The Cleveland Foundation Centennial 1311:Civilization: The West and the Rest 1156:Stanford Encyclopedia of Philosophy 1056:"Caring For Fido After You're Gone" 438:has fifteen Regius Professorships. 424:Lady Margaret Professor of Divinity 280: 113:private higher education endowments 53:the will of its founders and donors 2175:A Primer for Endowment Grantmakers 1954:"Introduction to Net Contribution" 1842:, an August 27, 2009 article from 1549:"Teacher, Scholar, Mentor, Friend" 1131:from the original on April 2, 2015 1119:Patrick Sullivan (June 12, 2012). 1066:from the original on April 2, 2015 731:Native Arts and Culture Foundation 729:'s co-founding of the independent 14: 2184:"Congress investigates endowment" 1577:from the original on Jun 26, 2014 125:Bill and Melinda Gates Foundation 2777: 2776: 2767: 2766: 2756: 2747: 2746: 2736: 2727: 2726: 2717: 2716: 2182:Dada, Kamil (February 1, 2008). 1606:from the original on Apr 4, 2017 1021:AICPA Audit and Accounting Guide 1019:"Not-for-Profit Organizations". 668:The Harvard University endowment 457:America, with the exceptions of 2199:12 SMA for Financial Endowments 1434:Lady Margaret's 500-year legacy 1280:, 2012, retrieved 26 July 2012) 758:Disinvestment from South Africa 359:Turkish and Islamic Arts Museum 2494:Publicly traded private equity 2145:Newfield, Christopher (2008). 2107:He, Ray C. (October 4, 2005). 1482:. Robert Bruen. Archived from 117:Harvard University's endowment 33:Harvard University's endowment 1: 2762:List of venture capital firms 1833:GW endowment drops 18 percent 1703:American Economic Association 447:Lucasian Chair of Mathematics 194:University § Antecedents 171:Restrictions and donor intent 129:wealthiest private foundation 2742:List of private equity firms 2499:Business Development Company 1177:Lynch, John Patrick (1972). 791:or that they have served as 688:George Washington University 319:, so he came to the prophet 2082:Jill Horwitz (2005-05-26). 1747:September 15, 2009, at the 490:Endowed faculty fellowships 2826: 2586:High-net-worth individuals 2376:Leveraged recapitalization 2201:(archived 4 February 2010) 1478:Bruen, Robert (May 1995). 1443:– University of Cambridge. 1241:de Ridder-Symoens, Hilde: 779: 741: 654:Research published in the 619: 580: 542: 535:in New York. In 2014, The 412:European university system 395: 191: 121:largest academic endowment 2712: 2474:Limited liability company 2434:Venture capital financing 2381:Dividend recapitalization 1553:Celebrate Cornell Faculty 1519:"UCLA Endowment Minimums" 1384:"What is Waqf – Awqaf SA" 950:. Ibtimes.com. 2010-05-10 369:is a papyrus held by the 1838:August 31, 2009, at the 1736:Harvard fund loses $ 11B 1695:American Economic Review 1330:Pryds, Darleen (2000), " 1150:Frede, Dorothea (2009). 656:American Economic Review 640:the Cleveland Foundation 563:charitable organizations 533:Ford Foundation Building 225:were established by the 2541:Institutional investors 1796:San Francisco Chronicle 1772:The Wall Street Journal 1760:Yale Endowment Down 30% 1266:Encyclopædia Britannica 1091:The Wall Street Journal 789:nonprofit organizations 725:Another example is the 2679:Liquidation preference 2644:Distribution waterfall 2596:Sovereign wealth funds 2016:"Does Divestment Work" 1422:Encyclopaedia of Islam 1409:Encyclopaedia of Islam 809:Foundation (nonprofit) 719: 701:Endowment repatriation 664:2008 economic downturn 612: 555:nonprofit organization 545:Foundation (nonprofit) 540: 524:Charitable foundations 469:Endowed professorships 416:Lady Margaret Beaufort 347: 336: 218: 213:who created the first 73: 36: 2752:Venture capital firms 2504:Venture capital trust 2113:Volume 125, Number 44 1712:10.1257/aer.104.3.931 1301:, pp. 35–76 (35) 1158:. Stanford University 1125:Thenonprofittimes.com 695:University of Toronto 606: 599:Criticism and reforms 567:community foundations 531: 436:University of Glasgow 432:Regius Professorships 349:The two oldest known 205: 82:charitable foundation 78:nonprofit corporation 65: 22: 2808:Financial endowments 2732:Private equity firms 2460:Private equity firms 2409:Post-money valuation 2286:Equity co-investment 1652:The Atlantic Monthly 1625:"So nicely endowed!" 834:in the United States 644:community foundation 626:Community foundation 577:Fiduciary management 386:Central Wakf Council 2782:Portfolio companies 2699:Undercapitalization 2551:Insurance companies 2469:Limited partnership 2414:Pre-money valuation 2022:. October 20, 2015. 1881:Nonprofit Quarterly 1573:. Ford Foundation. 1276:15 May 2013 at the 1042:Accounting Glossary 1027:: 367. May 1, 2007. 973:Wall Street Journal 875:The Harvard Crimson 795:, or that they are 680:Stanford University 571:private foundations 494:An endowed faculty 365:. A possibly older 313:Umar Ibn Al-Khattab 311:Ibn Umar reported, 41:financial endowment 2634:Capital commitment 2404:Business incubator 2371:Buy–sell agreement 1859:The Philanthropist 1789:2009-09-06 at the 1765:2018-04-14 at the 1439:2007-05-16 at the 770:Impact investments 613: 541: 219: 209:, the Stoic Roman 86:private foundation 74: 37: 2803:Education finance 2790: 2789: 2639:Capital structure 2524: 2523: 2366:Divisional buyout 2361:Management buyout 2356:Financial sponsor 2173:Ford Foundation: 2158:978-0-674-02817-3 1883:. March 12, 2019. 1486:on 24 August 2012 1319:978-1-84614-273-4 1299:978-0-521-54113-8 650:Economic downturn 426:) and Cambridge ( 2815: 2780: 2779: 2770: 2769: 2760: 2759: 2750: 2749: 2740: 2739: 2730: 2729: 2720: 2719: 2581:Commercial banks 2571:Investment banks 2479:Carried interest 2344: 2247:Investment types 2229: 2222: 2215: 2206: 2195: 2194:on June 9, 2011. 2190:. Archived from 2162: 2133: 2132: 2130: 2128: 2123:on April 8, 2022 2119:. Archived from 2104: 2098: 2097: 2095: 2089:. Archived from 2088: 2079: 2077: 2076: 2061: 2055: 2054: 2052: 2051: 2045: 2038: 2030: 2024: 2023: 2012: 2006: 2005: 2003: 2001: 1995: 1988: 1980: 1974: 1973: 1971: 1969: 1960:. Archived from 1958:Heron Foundation 1950: 1944: 1943: 1941: 1939: 1930:. Archived from 1924: 1918: 1917: 1915: 1913: 1904:. Archived from 1894: 1885: 1884: 1873: 1867: 1866: 1854: 1848: 1830: 1824: 1823: 1821: 1819: 1805: 1799: 1781: 1775: 1757: 1751: 1733: 1727: 1726: 1724: 1714: 1686: 1680: 1679: 1677: 1676: 1662: 1656: 1655: 1647: 1641: 1640: 1638: 1636: 1621: 1615: 1614: 1612: 1611: 1592: 1586: 1585: 1583: 1582: 1567: 1561: 1560: 1555:. Archived from 1544: 1538: 1537: 1535: 1534: 1525:. Archived from 1515: 1509: 1502: 1496: 1495: 1493: 1491: 1475: 1469: 1468: 1450: 1444: 1431: 1425: 1418: 1412: 1405: 1399: 1398: 1396: 1394: 1380: 1374: 1373: 1371: 1370: 1355: 1349: 1348: 1327: 1321: 1308: 1302: 1287: 1281: 1262: 1256: 1239: 1233: 1222: 1216: 1201: 1195: 1194: 1174: 1168: 1167: 1165: 1163: 1147: 1141: 1140: 1138: 1136: 1116: 1107: 1106: 1104: 1102: 1082: 1076: 1075: 1073: 1071: 1051: 1045: 1035: 1029: 1028: 1016: 1010: 1007: 998: 997: 995: 994: 983: 977: 976: 965: 959: 958: 956: 955: 944: 938: 937: 935: 934: 919: 913: 912: 900: 891: 890: 888: 886: 866: 748:Impact investing 717: 684:Brown University 559:charitable trust 483:college rankings 407:or fellowships. 345: 334: 324:the slaves, the 305:charitable trust 288: 282: 2825: 2824: 2818: 2817: 2816: 2814: 2813: 2812: 2793: 2792: 2791: 2786: 2772:Angel investors 2708: 2659:High-yield debt 2612:financial terms 2611: 2605: 2520: 2448: 2429:Startup company 2385: 2339: 2333: 2290: 2242: 2240:venture capital 2233: 2181: 2169: 2159: 2144: 2141: 2139:Further reading 2136: 2126: 2124: 2106: 2105: 2101: 2093: 2086: 2081: 2080: 2074: 2072: 2063: 2062: 2058: 2049: 2047: 2043: 2036: 2032: 2031: 2027: 2014: 2013: 2009: 1999: 1997: 1993: 1986: 1982: 1981: 1977: 1967: 1965: 1952: 1951: 1947: 1937: 1935: 1926: 1925: 1921: 1911: 1909: 1902:Justice Funders 1896: 1895: 1888: 1875: 1874: 1870: 1856: 1855: 1851: 1840:Wayback Machine 1831: 1827: 1817: 1815: 1807: 1806: 1802: 1791:Wayback Machine 1782: 1778: 1767:Wayback Machine 1758: 1754: 1749:Wayback Machine 1734: 1730: 1688: 1687: 1683: 1674: 1672: 1664: 1663: 1659: 1649: 1648: 1644: 1634: 1632: 1623: 1622: 1618: 1609: 1607: 1594: 1593: 1589: 1580: 1578: 1569: 1568: 1564: 1559:on May 1, 2005. 1546: 1545: 1541: 1532: 1530: 1529:on Mar 26, 2023 1523:UCLA Foundation 1517: 1516: 1512: 1503: 1499: 1489: 1487: 1477: 1476: 1472: 1465: 1452: 1451: 1447: 1441:Wayback Machine 1432: 1428: 1419: 1415: 1406: 1402: 1392: 1390: 1382: 1381: 1377: 1368: 1366: 1364:www.almaany.com 1358:Team, Almaany. 1357: 1356: 1352: 1346: 1329: 1328: 1324: 1309: 1305: 1288: 1284: 1278:Wayback Machine 1263: 1259: 1240: 1236: 1223: 1219: 1202: 1198: 1191: 1176: 1175: 1171: 1161: 1159: 1149: 1148: 1144: 1134: 1132: 1118: 1117: 1110: 1100: 1098: 1084: 1083: 1079: 1069: 1067: 1053: 1052: 1048: 1036: 1032: 1018: 1017: 1013: 1008: 1001: 992: 990: 985: 984: 980: 967: 966: 962: 953: 951: 946: 945: 941: 932: 930: 921: 920: 916: 902: 901: 894: 884: 882: 868: 867: 863: 859: 824:in South Africa 805: 784: 778: 776:Endowment taxes 750: 740: 727:Ford Foundation 718: 716:Justice Funders 715: 703: 672:Yale University 652: 628: 618: 601: 585: 579: 551: 537:Ford Foundation 526: 505: 492: 471: 451:Stephen Hawking 400: 394: 346: 343: 335: 332: 286:[ˈwɑqf] 251:Aristotelianism 235:Marcus Aurelius 207:Marcus Aurelius 200: 190: 173: 137: 102:private schools 25:Harvard College 17: 12: 11: 5: 2823: 2822: 2819: 2811: 2810: 2805: 2795: 2794: 2788: 2787: 2785: 2784: 2774: 2764: 2754: 2744: 2734: 2724: 2713: 2710: 2709: 2707: 2706: 2701: 2696: 2691: 2686: 2681: 2676: 2671: 2666: 2661: 2656: 2651: 2646: 2641: 2636: 2631: 2626: 2621: 2615: 2613: 2607: 2606: 2604: 2603: 2598: 2593: 2591:Family offices 2588: 2583: 2578: 2576:Merchant banks 2573: 2568: 2563: 2558: 2553: 2548: 2543: 2538: 2532: 2530: 2526: 2525: 2522: 2521: 2519: 2518: 2513: 2508: 2507: 2506: 2501: 2491: 2486: 2484:Management fee 2481: 2476: 2471: 2466: 2456: 2454: 2450: 2449: 2447: 2446: 2441: 2436: 2431: 2426: 2421: 2416: 2411: 2406: 2401: 2399:Angel investor 2395: 2393: 2387: 2386: 2384: 2383: 2378: 2373: 2368: 2363: 2358: 2352: 2350: 2341: 2335: 2334: 2332: 2331: 2326: 2321: 2316: 2311: 2306: 2300: 2298: 2292: 2291: 2289: 2288: 2283: 2278: 2273: 2268: 2263: 2262: 2261: 2250: 2248: 2244: 2243: 2236:Private equity 2234: 2232: 2231: 2224: 2217: 2209: 2203: 2202: 2196: 2188:Stanford Daily 2179: 2168: 2167:External links 2165: 2164: 2163: 2157: 2140: 2137: 2135: 2134: 2099: 2096:on 2016-03-05. 2056: 2025: 2020:The New Yorker 2007: 1975: 1964:on 19 May 2019 1945: 1934:on 19 May 2019 1919: 1908:on 19 May 2019 1886: 1868: 1849: 1845:The GW Hatchet 1825: 1800: 1776: 1752: 1728: 1681: 1657: 1642: 1631:. 31 July 2004 1616: 1602:. 2013-06-18. 1587: 1562: 1547:Miller, Paul. 1539: 1510: 1497: 1470: 1463: 1445: 1426: 1413: 1400: 1388:awqafsa.org.za 1375: 1350: 1344: 1322: 1303: 1282: 1257: 1234: 1217: 1196: 1189: 1169: 1142: 1108: 1077: 1046: 1030: 1011: 999: 978: 960: 939: 914: 903:Kenton, Will. 892: 869:Ma, Virginia. 860: 858: 855: 854: 853: 848: 843: 838: 837: 836: 831: 826: 821: 811: 804: 801: 780:Main article: 777: 774: 739: 736: 713: 702: 699: 676:private equity 651: 648: 632:Leona Helmsley 617: 614: 600: 597: 578: 575: 525: 522: 504: 501: 491: 488: 470: 467: 393: 390: 382:Abbasid period 341: 330: 223:endowed chairs 217:professorships 189: 186: 172: 169: 161: 160: 157: 153: 136: 133: 127:is the second 15: 13: 10: 9: 6: 4: 3: 2: 2821: 2820: 2809: 2806: 2804: 2801: 2800: 2798: 2783: 2775: 2773: 2765: 2763: 2755: 2753: 2745: 2743: 2735: 2733: 2725: 2723: 2715: 2714: 2711: 2705: 2702: 2700: 2697: 2695: 2692: 2690: 2687: 2685: 2682: 2680: 2677: 2675: 2672: 2670: 2667: 2665: 2662: 2660: 2657: 2655: 2652: 2650: 2647: 2645: 2642: 2640: 2637: 2635: 2632: 2630: 2627: 2625: 2622: 2620: 2617: 2616: 2614: 2608: 2602: 2599: 2597: 2594: 2592: 2589: 2587: 2584: 2582: 2579: 2577: 2574: 2572: 2569: 2567: 2564: 2562: 2559: 2557: 2556:Fund of funds 2554: 2552: 2549: 2547: 2546:Pension funds 2544: 2542: 2539: 2537: 2534: 2533: 2531: 2527: 2517: 2514: 2512: 2509: 2505: 2502: 2500: 2497: 2496: 2495: 2492: 2490: 2487: 2485: 2482: 2480: 2477: 2475: 2472: 2470: 2467: 2465: 2461: 2458: 2457: 2455: 2451: 2445: 2444:Venture round 2442: 2440: 2437: 2435: 2432: 2430: 2427: 2425: 2422: 2420: 2417: 2415: 2412: 2410: 2407: 2405: 2402: 2400: 2397: 2396: 2394: 2392: 2388: 2382: 2379: 2377: 2374: 2372: 2369: 2367: 2364: 2362: 2359: 2357: 2354: 2353: 2351: 2349: 2345: 2342: 2336: 2330: 2327: 2325: 2322: 2320: 2317: 2315: 2312: 2310: 2307: 2305: 2304:Early history 2302: 2301: 2299: 2297: 2293: 2287: 2284: 2282: 2279: 2277: 2274: 2272: 2269: 2267: 2264: 2260: 2257: 2256: 2255: 2252: 2251: 2249: 2245: 2241: 2237: 2230: 2225: 2223: 2218: 2216: 2211: 2210: 2207: 2200: 2197: 2193: 2189: 2185: 2180: 2177: 2176: 2171: 2170: 2166: 2160: 2154: 2150: 2149: 2143: 2142: 2138: 2122: 2118: 2114: 2110: 2103: 2100: 2092: 2085: 2071:on 2006-10-04 2070: 2066: 2060: 2057: 2046:on 2016-09-02 2042: 2035: 2029: 2026: 2021: 2017: 2011: 2008: 1996:on 2019-05-13 1992: 1985: 1979: 1976: 1963: 1959: 1955: 1949: 1946: 1933: 1929: 1923: 1920: 1907: 1903: 1899: 1893: 1891: 1887: 1882: 1878: 1872: 1869: 1864: 1860: 1853: 1850: 1847: 1846: 1841: 1837: 1834: 1829: 1826: 1814: 1810: 1804: 1801: 1798: 1797: 1792: 1788: 1785: 1780: 1777: 1774: 1773: 1768: 1764: 1761: 1756: 1753: 1750: 1746: 1743: 1742: 1741:Boston Herald 1737: 1732: 1729: 1723: 1718: 1713: 1708: 1704: 1700: 1696: 1692: 1685: 1682: 1671: 1667: 1661: 1658: 1653: 1646: 1643: 1630: 1626: 1620: 1617: 1605: 1601: 1597: 1591: 1588: 1576: 1572: 1566: 1563: 1558: 1554: 1550: 1543: 1540: 1528: 1524: 1520: 1514: 1511: 1507: 1506:Paola, Kansas 1501: 1498: 1485: 1481: 1474: 1471: 1466: 1464:9780521533102 1460: 1456: 1449: 1446: 1442: 1438: 1435: 1430: 1427: 1423: 1417: 1414: 1410: 1404: 1401: 1389: 1385: 1379: 1376: 1365: 1361: 1354: 1351: 1347: 1341: 1337: 1333: 1326: 1323: 1320: 1316: 1312: 1307: 1304: 1300: 1296: 1292: 1286: 1283: 1279: 1275: 1272: 1268: 1267: 1261: 1258: 1254: 1253:0-521-36105-2 1250: 1246: 1245: 1238: 1235: 1231: 1230:0-7864-3462-7 1227: 1221: 1218: 1215:, pp. XIX–XX. 1214: 1213:0-521-36105-2 1210: 1206: 1200: 1197: 1192: 1190:9780520021945 1186: 1182: 1181: 1173: 1170: 1157: 1153: 1146: 1143: 1130: 1126: 1122: 1115: 1113: 1109: 1096: 1092: 1088: 1081: 1078: 1065: 1061: 1057: 1050: 1047: 1043: 1039: 1034: 1031: 1026: 1022: 1015: 1012: 1006: 1004: 1000: 988: 982: 979: 975:. 4 May 2016. 974: 970: 964: 961: 949: 943: 940: 928: 924: 918: 915: 910: 906: 899: 897: 893: 880: 876: 872: 865: 862: 856: 852: 849: 847: 846:Endowment tax 844: 842: 839: 835: 832: 830: 827: 825: 822: 820: 817: 816: 815: 812: 810: 807: 806: 802: 800: 798: 794: 790: 783: 782:Endowment tax 775: 773: 771: 767: 762: 759: 755: 749: 745: 744:Disinvestment 737: 735: 732: 728: 723: 712: 707: 700: 698: 696: 691: 689: 685: 681: 677: 673: 669: 665: 660: 657: 649: 647: 645: 641: 636: 633: 627: 623: 615: 610: 605: 598: 596: 592: 590: 584: 576: 574: 572: 568: 564: 560: 556: 550: 546: 538: 534: 530: 523: 521: 519: 513: 510: 502: 500: 497: 489: 487: 484: 480: 479:endowed chair 476: 475:professorship 468: 466: 464: 460: 454: 452: 448: 444: 439: 437: 433: 429: 425: 421: 417: 413: 408: 406: 399: 391: 389: 387: 383: 378: 376: 372: 368: 364: 360: 356: 352: 340: 329: 327: 322: 318: 314: 308: 306: 302: 298: 294: 293: 287: 278: 274: 270: 268: 262: 260: 256: 252: 248: 244: 240: 236: 232: 228: 224: 221:The earliest 216: 215:endowed chair 212: 208: 204: 199: 195: 187: 185: 183: 179: 170: 168: 165: 158: 154: 150: 149: 148: 146: 142: 134: 132: 130: 126: 122: 118: 114: 109: 107: 103: 99: 95: 91: 87: 83: 79: 72: 68: 64: 60: 58: 54: 50: 46: 42: 34: 30: 26: 23:Engraving of 21: 2704:Vintage year 2629:Capital call 2601:Crowdfunding 2560: 2536:Corporations 2439:Venture debt 2192:the original 2187: 2174: 2147: 2125:. Retrieved 2121:the original 2112: 2102: 2091:the original 2073:. Retrieved 2069:the original 2059: 2048:. Retrieved 2041:the original 2028: 2019: 2010: 1998:. Retrieved 1991:the original 1978: 1966:. Retrieved 1962:the original 1957: 1948: 1936:. Retrieved 1932:the original 1922: 1910:. Retrieved 1906:the original 1901: 1880: 1871: 1862: 1858: 1852: 1843: 1828: 1816:. Retrieved 1812: 1803: 1794: 1779: 1770: 1755: 1739: 1731: 1698: 1694: 1684: 1673:. Retrieved 1669: 1660: 1651: 1645: 1633:. Retrieved 1628: 1619: 1608:. Retrieved 1599: 1590: 1579:. Retrieved 1565: 1557:the original 1552: 1542: 1531:. Retrieved 1527:the original 1522: 1513: 1500: 1488:. Retrieved 1484:the original 1473: 1454: 1448: 1429: 1421: 1416: 1408: 1403: 1391:. Retrieved 1387: 1378: 1367:. Retrieved 1363: 1353: 1335: 1331: 1325: 1310: 1306: 1290: 1285: 1271:"University" 1264: 1260: 1243: 1237: 1220: 1204: 1199: 1179: 1172: 1160:. Retrieved 1155: 1145: 1133:. Retrieved 1124: 1099:. Retrieved 1090: 1080: 1068:. Retrieved 1059: 1049: 1033: 1020: 1014: 991:. Retrieved 981: 972: 963: 952:. Retrieved 942: 931:. Retrieved 929:. 2021-10-14 926: 917: 909:Investopedia 908: 883:. Retrieved 874: 864: 793:tax shelters 785: 763: 751: 724: 720: 709: 704: 692: 661: 653: 642:: the first 637: 630:The case of 629: 622:Donor intent 616:Donor intent 593: 586: 552: 514: 506: 493: 478: 472: 455: 443:Isaac Newton 440: 409: 405:scholarships 401: 379: 366: 354: 350: 348: 338: 315:got land in 310: 290: 271: 263: 259:Epicureanism 233:philosopher 229:emperor and 220: 174: 166: 162: 145:donor intent 138: 110: 98:universities 75: 71:Space Needle 40: 38: 2566:Foundations 2489:Pledge fund 2281:Secondaries 1865:(1): 52–61. 1722:10220/20933 1705:: 931–962. 1490:6 September 1255:, pp. 47–55 1162:6 September 927:The Crimson 905:"Endowment" 885:October 14, 509:scholarship 507:An endowed 473:An endowed 297:Islamic law 49:real estate 29:Paul Revere 2797:Categories 2654:Envy ratio 2561:Endowments 2424:Seed money 2338:Terms and 2075:2007-01-22 2050:2017-03-14 1809:"Politics" 1675:2019-04-04 1610:2017-03-29 1600:GrantSpace 1581:2014-05-14 1533:2023-03-03 1369:2019-05-11 1345:9004113517 993:2018-09-04 954:2022-07-18 933:2021-10-14 857:References 754:divestment 742:See also: 620:See also: 581:See also: 543:See also: 420:Henry VIII 396:See also: 373:Museum in 243:philosophy 192:See also: 2624:Cap table 2529:Investors 2453:Structure 2271:Mezzanine 2259:Leveraged 1813:Bloomberg 1232:, p. 55f. 829:in the UK 819:in Canada 518:doctorate 459:Cambridge 445:held the 247:Platonism 152:purposes. 106:Red Cross 57:principal 45:financial 2674:Leverage 2610:Related 2340:concepts 2117:The Tech 1836:Archived 1818:14 April 1787:Archived 1763:Archived 1745:Archived 1635:14 April 1629:Newsweek 1604:Archived 1575:Archived 1571:"Grants" 1437:Archived 1393:29 March 1274:Archived 1135:March 5, 1129:Archived 1101:March 5, 1095:Archived 1070:March 5, 1064:Archived 879:Archived 803:See also 714:—  589:trustees 363:Istanbul 342:—  331:—  321:Muhammad 292:mortmain 267:madrasas 255:Stoicism 178:invading 94:colleges 31:, 1767. 2684:M&A 2391:Venture 2296:History 2266:Venture 2127:May 20, 367:waqfiya 355:waqfiya 351:waqfiya 317:Khaybar 211:emperor 188:History 182:cy-près 156:intent. 84:, or a 2649:EBITDA 2348:Buyout 2276:Growth 2254:Buyout 2155:  2000:13 May 1968:19 May 1938:19 May 1912:19 May 1461:  1342:  1332:Studia 1317:  1297:  1251:  1228:  1211:  1187:  1060:Forbes 569:, and 496:fellow 463:Oxford 371:Louvre 301:Muslim 277:Arabic 257:, and 239:Athens 196:, and 100:, and 2464:funds 2329:2020s 2324:2010s 2319:2000s 2314:1990s 2309:1980s 2178:(PDF) 2094:(PDF) 2087:(PDF) 2044:(PDF) 2037:(PDF) 1994:(PDF) 1987:(PDF) 1701:(3). 375:Paris 326:jihad 281:وَقْف 231:Stoic 227:Roman 135:Types 90:trust 2516:SPAC 2462:and 2419:SAFE 2238:and 2153:ISBN 2129:2019 2002:2019 1970:2019 1940:2019 1914:2019 1820:2018 1637:2018 1492:2012 1459:ISBN 1395:2018 1340:ISBN 1315:ISBN 1295:ISBN 1249:ISBN 1226:ISBN 1209:ISBN 1185:ISBN 1164:2012 1137:2015 1103:2015 1072:2015 887:2021 851:Waqf 746:and 624:and 547:and 477:(or 461:and 273:Waqf 198:waqf 80:, a 2689:PME 2669:IRR 2664:IPO 2619:AUM 1717:hdl 1707:doi 1699:104 557:or 361:in 237:in 27:by 2799:: 2186:. 2115:. 2111:. 2018:. 1956:. 1900:. 1889:^ 1879:. 1863:23 1861:. 1811:. 1715:. 1697:. 1693:. 1668:. 1627:. 1598:. 1551:. 1521:. 1386:. 1362:. 1269:: 1154:. 1127:. 1123:. 1111:^ 1093:. 1089:. 1062:. 1058:. 1040:, 1023:. 1002:^ 971:. 925:. 907:. 895:^ 877:. 873:. 799:. 666:. 453:. 307:. 283:; 279:: 253:, 249:, 245:: 115:. 96:, 47:, 39:A 2228:e 2221:t 2214:v 2161:. 2131:. 2078:. 2053:. 2004:. 1972:. 1942:. 1916:. 1822:. 1725:. 1719:: 1709:: 1678:. 1654:. 1639:. 1613:. 1584:. 1536:. 1494:. 1467:. 1424:. 1411:. 1397:. 1372:. 1193:. 1166:. 1139:. 1105:. 1074:. 996:. 957:. 936:. 911:. 889:. 611:. 275:( 176:"

Index


Harvard College
Paul Revere
Harvard University's endowment
financial
real estate
the will of its founders and donors
principal

The Bill and Melinda Gates Foundation
Space Needle
nonprofit corporation
charitable foundation
private foundation
trust
colleges
universities
private schools
Red Cross
private higher education endowments
Harvard University's endowment
largest academic endowment
Bill and Melinda Gates Foundation
wealthiest private foundation
Uniform Prudent Management of Institutional Funds Act
donor intent
invading
cy-près
University § Antecedents
waqf

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.