Knowledge

Financial endowment

Source 📝

214: 31: 615: 1519:, 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. 492:) 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 540: 2789: 2779: 2759: 2739: 2729: 74: 2769: 2749: 745:
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".
669:
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
413:
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
716:
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
496:
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
467:
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
645:
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
334:
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,
721:
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
717:
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.
522:
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
509:
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,
732:
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
605:
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
744:
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
174:
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.
166:
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
186:
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
523:
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.
657:. 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. 797:
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
162:
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)
395:), 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 771:
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.
526:
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
275:
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
722:
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.
339:, 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. 191:" 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 1846: 779:
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."
445:
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
1755: 741: 844: 131: 2209: 2659: 1371:"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" 1074: 602:
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.
2237: 1614: 158:
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:
824: 673:
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
408: 170:
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.
123: 1105: 1797: 103:
independent of the organizations and the causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g.,
2732: 593: 151: 2044: 2075: 584:
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.
1994: 1843: 889: 1035: 70:
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.
2194: 1887: 958: 414:
intended to fund specific areas within the institution. The most common examples are endowed professorships (also known as named chairs), and endowed
364:(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 99:
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
116: 2230: 1139: 1052: 476:
universities. Endowment funds have also been created to support secondary and elementary school districts in several states in the United States.
979: 834: 618:
Students at Tufts University in 2013 "marched forth on 4 March". The march was a divestment campaign with the goal of pressuring universities to
2183: 1746: 2306: 1529: 1908: 434: 1284: 2792: 2223: 708:
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.
2704: 829: 689:, reported an endowment of $ 16 billion as of September 2009, a 30% annualized loss that was more than predicted in December 2008. At 1345:
as Royal Offices: Mediterranean Universities of Medieval Europe", in Courtenay, William J.; Miethke, Jürgen; Priest, David B. (eds.),
851: 559: 139: 1066: 280:, although madrasas were generally smaller, and individual teachers, rather than the madrasa itself, granted the license or degree. 1048: 438: 213: 115:); cultural institutions (e.g., museums, libraries, and theaters); service organizations (e.g., hospitals, retirement homes; the 1606: 1559: 1773: 2167: 2119: 1329: 1309: 576:
through grants, but may engage directly in charitable activities. Foundations include public charitable foundations, such as
77: 1097: 30: 2094: 1447: 839: 1964: 391:
The earliest known waqf in Egypt, founded by financial official Abū Bakr Muḥammad bin Ali al-Madhara'i in 919 (during the
2526: 2521: 767:
campaigns to encourage endowments to not hold unethical investments. One of the earliest modern divestment campaigns was
17: 2429: 135: 1676: 350:
When a man dies, only three deeds will survive him: continuing alms, profitable knowledge and a child praying for him.
1473: 1263: 1240: 1223: 1199: 457: 1585: 2314: 2291: 768: 493: 369: 314:
religious or charitable purposes with no intention of reclaiming the assets. The donated assets may be held by a
2051: 1938: 685:, the pioneer of an approach that involved investing heavily in alternative investments such as real estate and 2762: 2504: 2079: 1354: 2001: 2818: 2772: 2742: 1794: 1713: 933: 881: 614: 997: 606:
proportion that historically could be spent without diminishing the principal amount of the endowment fund.
2752: 2509: 2202: 1490: 698: 678: 127: 43: 2339: 2334: 2329: 2324: 2319: 1349:, Education and Society in the Middle Ages and Renaissance, vol. 10, Leiden: Brill, pp. 96–98, 959:"Ivy League Endowments 2015: Princeton University On Top As Harvard Struggles With Low Investment Return" 1819: 2813: 2386: 1131: 1276: 2596: 2546: 2484: 2444: 2391: 1607:"What is a foundation | Foundations | Funding Resources | Knowledge Base | Tools" 649:
In 1914, Frederick Goff sought to eliminate the "dead hand" of organized philanthropy and so created
2782: 2699: 2694: 2026: 807: 666: 650: 543: 1537: 1370: 2679: 2674: 2629: 1916: 1806: 1782: 573: 469: 2689: 2654: 2551: 2381: 1281: 1162: 819: 799: 674: 619: 565: 555: 426: 92: 88: 2157: 2606: 2514: 1189: 705: 697:'s endowment fell 27 percent to $ 2.04 billion in the fiscal year that ended June 30, 2009. 446: 442: 430: 233: 225: 2634: 2419: 2296: 2127: 654: 636: 577: 473: 396: 55: 1700:
Brown, Jeffrey R.; Dimmock, Stephen G.; Kang, Jun-Koo; Weisbenner, Scott J. (March 2014).
54:
is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of
8: 2709: 2561: 2479: 2474: 2470: 2424: 1702:"How University Endowments Respond to Financial Market Shocks: Evidence and Implications" 690: 67: 1995:"Native Arts and Cultures: Research, Growth and Opportunities for Philanthropic Support" 192: 2684: 2644: 2581: 2576: 2414: 581: 188: 96: 1491:"A Brief History of The Lucasian Professorship of Mathematics at Cambridge University" 2649: 2376: 2371: 2366: 2281: 2215: 2163: 1469: 1350: 1325: 1305: 1259: 1236: 1219: 1195: 915: 780: 1770: 1431:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 783. Quoted in Waḳf,
1418:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 784. Quoted in Waḳf,
693:, the endowment was reduced from $ 17 billion to $ 12 billion as of September 2009. 2489: 2358: 2269: 2101: 1727: 1717: 776: 758: 694: 569: 531:. Frequently, teaching or working on research is a mandatory part of a fellowship. 315: 204: 2131: 1567: 681:, which held $ 37 billion in June 2008, was reduced to $ 26 billion by mid-2009. 272:. Later, similar endowments were set up in some other major cities of the Empire. 2669: 2591: 2439: 2401: 2276: 2250: 1850: 1801: 1777: 1759: 1451: 1288: 1253: 737: 682: 547: 461: 392: 310:, which typically involves donating a building, plot of land or other assets for 296: 287: 261: 245: 217: 178:
An expendable endowment fund is one which can be spent in certain circumstances.
35: 1466:
Lady Margaret Beaufort and Her Professors of Divinity at Cambridge: 1502 to 1649
1444: 1255:
A History of the University in Europe: Volume 1, Universities in the Middle Ages
2494: 2409: 2286: 2246: 1972: 1855: 686: 642: 460:
at Cambridge beginning in 1669, more recently held by the celebrated physicist
368:
goes back to 876 CE, concerns a multi-volume Qur'an edition and is held by the
252:
in AD 176. Aurelius created one endowed chair for each of the major schools of
112: 1515:
Kansas incorporated its first public school district endowment association in
1302:
A History of the University in Europe. Vol. I: Universities in the Middle Ages
1216:
A History of the University in Europe. Vol. 1: Universities in the Middle Ages
433:, created the first endowed chairs in divinity at the universities of Oxford ( 2807: 2601: 2586: 2566: 2454: 1888:"What Do Our Times Require? Funders Propose a Philanthropic "Green New Deal"" 1751: 1516: 1125: 1123: 856: 792: 754: 550:
reported assets of US$ 12.4 billion and approved US$ 507.9 million in grants.
122:
Private endowments are some of the wealthiest entities in the world, notably
1089: 195:
meaning to find an alternative "as near as possible" to the donor's intent.
2714: 2639: 2611: 2556: 2449: 1235:
Hunt Janin: "The university in medieval life, 1179–1499", McFarland, 2008,
632: 453: 269: 237: 155: 108: 81: 63: 2159:
Unmaking the public university: the forty-year assault on the middle class
1722: 1701: 1394: 1120: 980:"Is Taxing Harvard, Yale and Stanford the Answer to Rising College Costs?" 510:
keeping the institution competitive over hiring and retention of talents.
452:
Private individuals also adopted the practice of endowing professorships.
2499: 1214:
Rüegg, Walter: "Foreword. The University as a European Institution", in:
1163:"Alexander of Aphrodisias > 1.1 Date, Family, Teachers, and Influence" 803: 539: 519: 415: 100: 59: 39: 2078:. The Commonwealth Fund 1 East 75th Street, New York, NY. Archived from 2664: 2434: 1732: 1581: 764: 422: 253: 388:, with no written date but considered to be from the mid-9th century. 119:); and religious organizations (e.g., churches, synagogues, mosques). 73: 528: 485: 257: 934:"Harvard's Endowment Soars to $ 53.2 Billion, Reports 33.6% Returns" 882:"Harvard's Endowment Soars to $ 53.2 Billion, Reports 33.6% Returns" 1942: 1635: 1020:
Newman, Diana, "Endowment Building", John Wiley and Sons, Inc. 2005
373: 331: 302: 265: 241: 344:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 784
1300:
Verger, Jacques: "Patterns", in: Ridder-Symoens, Hilde de (ed.):
808:
depriving local governments of essential property and other taxes
733:
Capital, Natural Capital, Civic Capital, and Financial Capital.
599: 355:
Ibn Ḥad̲j̲ar al-ʿAsḳalānī , Bulūg̲h̲ al-marām, Cairo n.d., no. 78
327: 277: 221: 150:
Most private endowments in the United States are governed by the
104: 66:. Endowments are often structured so that the inflation-adjusted 1494: 399:
and governed by Wakf Act 1995 (which superseded Wakf Act 1954).
2264: 1132:"Bankrupt But Endowed – The NonProfit TimesThe NonProfit Times" 1098:"Monkey to Inherit House, Garden, Trust Fund – India Real Time" 506: 381: 311: 307: 249: 1191:
Aristotle's school; a study of a Greek educational institution
998:"Consolidated Financial Statements December 31, 2017 and 2016" 1661:
Rosenwald, Julius (May 1929). "Principles of Public Giving".
1194:. University of California Press. pp. 19––207, 213–216. 564:
A foundation (also a charitable foundation) is a category of
385: 336: 783:
provide capital to address social and environmental issues.
748: 421:
The practice of endowing professorships began in the modern
1058: 861: 825:
Lists of institutions of higher education by endowment size
701:
lost 18% in that same fiscal year, down to $ 1.08 billion.
409:
Lists of institutions of higher education by endowment size
402: 323: 283: 208: 62:, or other investments for a specific purpose according to 2076:"Ways and Means Questions Nonprofit Hospitals' Tax Status" 1699: 1464:
Collinson, Patrick; Rex, Richard; Stanton, Graham (2003).
646:
registered animal-related charities in the United States.
598:
A financial endowment is typically overseen by a board of
572:
that will typically provide funding and support for other
429:, Countess of Richmond and grandmother to the future king 1909:"The Resonance Framework: Guiding Principals and Values" 1000:. Bill & Melinda Gates Foundation. 3 September 2018 763:
Another approach to reforming endowments is the use of
513: 130:(valued at $ 53.2 billion as of June 2021) is the 2245: 87:
Endowments are often governed and managed either as a
2155: 2050:. The Global Impact Investing Network. Archived from 1903: 1901: 1868:
Burrows, Malcom D. (2010). "The End of Endowments?".
1055:, published 18 April 2019, accessed 15 November 2023 620:
eliminate investments in fossil-fuel related ventures
594:
Uniform Prudent Management of Institutional Funds Act
441:). Nearly 50 years later, Henry VIII established the 152:
Uniform Prudent Management of Institutional Funds Act
134:
in the world. As of 31 December 2022, the
1463: 1898: 1095: 1036:American Institute of Certified Public Accountants 2095:"Testimony Before House Ways and Means Committee" 80:headquarters complex in Seattle as seen from the 2805: 1324:by Niall Ferguson, Publisher: Allen Lane 2011 – 1246: 1129: 926: 181: 1229: 1064: 775:A proactive version of divestment campaigns is 704:In Canada, after the financial crisis in 2008, 2120:"Cambridge Seeks to Tax Earnings on Endowment" 1939:"Linden Endowment Repatriation Broadside v1.3" 1347:Universities and Schooling in Medieval Society 500: 2231: 2733:Private equity and venture capital investors 2092: 1269: 2768: 2748: 2705:Taxation of private equity and hedge funds 2522:Private investment in public equity (PIPE) 2238: 2224: 1468:. Cambridge University Press. p. 21. 2162:. Harvard University Press. p. 162. 1731: 1721: 1677:"Cleveland Foundation 100 – Introduction" 1660: 1654: 1438: 852:List of wealthiest charitable foundations 749:Divestment campaigns and impact investing 711: 560:List of wealthiest charitable foundations 534: 479: 154:which is based in part on the concept of 1749:, a September 11, 2009 article from the 1628: 1096:Dhanya Ann Thoppil (February 19, 2015). 1049:Office of the Scottish Charity Regulator 1016: 1014: 990: 909: 907: 873: 613: 609: 538: 497:top professors from other institutions. 403:Modern college and university endowments 212: 72: 46:was valued at $ 53.2 billion as of 2021. 29: 27:Legal structure for managing investments 2000:. Ford Foundation. 2010. Archived from 1867: 1804:, a September 3, 2009 article from the 1795:Stanford University endowment loses big 1551: 587: 142:, with an endowment of $ 67.3 billion. 14: 2806: 1108:from the original on February 22, 2015 777:impact investing, or mission investing 425:in England on September 8, 1502, when 2219: 1488: 1482: 1340: 1208: 1187: 1160: 1011: 904: 892:from the original on October 14, 2021 670:them to compensate for the downturn. 439:Lady Margaret's Professor of Divinity 306:property, is a similar concept from 300:), also known as 'hubous' (حُبوس) or 295: 78:The Bill and Melinda Gates Foundation 2192: 2045:"2017 Annual Impact Investor Survey" 1780:, a September 10, 2009 article from 1304:, Cambridge University Press, 2003, 1258:, Cambridge University Press, 1992, 1218:, Cambridge University Press, 1992, 1065:Ashlea Ebelling (January 13, 2010). 660: 514:Endowed scholarships and fellowships 1681:The Cleveland Foundation Centennial 1322:Civilization: The West and the Rest 1167:Stanford Encyclopedia of Philosophy 1067:"Caring For Fido After You're Gone" 449:has fifteen Regius Professorships. 435:Lady Margaret Professor of Divinity 291: 124:private higher education endowments 64:the will of its founders and donors 24: 2186:A Primer for Endowment Grantmakers 2149: 2117: 1965:"Introduction to Net Contribution" 1853:, an August 27, 2009 article from 1560:"Teacher, Scholar, Mentor, Friend" 1557: 1142:from the original on April 2, 2015 1130:Patrick Sullivan (June 12, 2012). 1077:from the original on April 2, 2015 913: 786: 742:Native Arts and Culture Foundation 740:'s co-founding of the independent 25: 2830: 2195:"Congress investigates endowment" 2177: 1588:from the original on Jun 26, 2014 136:Bill and Melinda Gates Foundation 2788: 2787: 2778: 2777: 2767: 2758: 2757: 2747: 2738: 2737: 2728: 2727: 2193:Dada, Kamil (February 1, 2008). 1617:from the original on Apr 4, 2017 1368: 1032:AICPA Audit and Accounting Guide 1030:"Not-for-Profit Organizations". 679:The Harvard University endowment 468:America, with the exceptions of 2210:12 SMA for Financial Endowments 2111: 2068: 2037: 2019: 1987: 1957: 1931: 1880: 1861: 1837: 1812: 1788: 1764: 1740: 1693: 1669: 1599: 1574: 1522: 1509: 1457: 1445:Lady Margaret's 500-year legacy 1425: 1412: 1387: 1362: 1334: 1315: 1294: 1291:, 2012, retrieved 26 July 2012) 1181: 1154: 769:Disinvestment from South Africa 626: 370:Turkish and Islamic Arts Museum 2505:Publicly traded private equity 2156:Newfield, Christopher (2008). 2118:He, Ray C. (October 4, 2005). 1493:. Robert Bruen. Archived from 1042: 1023: 972: 951: 879: 128:Harvard University's endowment 44:Harvard University's endowment 13: 1: 2773:List of venture capital firms 1844:GW endowment drops 18 percent 1714:American Economic Association 867: 458:Lucasian Chair of Mathematics 205:University § Antecedents 182:Restrictions and donor intent 140:wealthiest private foundation 2753:List of private equity firms 2510:Business Development Company 1188:Lynch, John Patrick (1972). 802:or that they have served as 699:George Washington University 330:, so he came to the prophet 7: 2093:Jill Horwitz (2005-05-26). 1758:September 15, 2009, at the 813: 501:Endowed faculty fellowships 10: 2835: 2597:High-net-worth individuals 2387:Leveraged recapitalization 2212:(archived 4 February 2010) 1489:Bruen, Robert (May 1995). 1454:– University of Cambridge. 1252:de Ridder-Symoens, Hilde: 790: 752: 665:Research published in the 630: 591: 553: 546:in New York. In 2014, The 423:European university system 406: 202: 198: 132:largest academic endowment 2723: 2620: 2539: 2485:Limited liability company 2463: 2445:Venture capital financing 2400: 2392:Dividend recapitalization 2357: 2348: 2305: 2257: 1564:Celebrate Cornell Faculty 1530:"UCLA Endowment Minimums" 1395:"What is Waqf – Awqaf SA" 961:. Ibtimes.com. 2010-05-10 380:is a papyrus held by the 1849:August 31, 2009, at the 1747:Harvard fund loses $ 11B 1706:American Economic Review 1341:Pryds, Darleen (2000), " 1161:Frede, Dorothea (2009). 667:American Economic Review 651:the Cleveland Foundation 574:charitable organizations 544:Ford Foundation Building 236:were established by the 145: 2552:Institutional investors 1807:San Francisco Chronicle 1783:The Wall Street Journal 1771:Yale Endowment Down 30% 1277:Encyclopædia Britannica 1102:The Wall Street Journal 800:nonprofit organizations 736:Another example is the 2690:Liquidation preference 2655:Distribution waterfall 2607:Sovereign wealth funds 2027:"Does Divestment Work" 1433:Encyclopaedia of Islam 1420:Encyclopaedia of Islam 820:Foundation (nonprofit) 730: 712:Endowment repatriation 675:2008 economic downturn 623: 566:nonprofit organization 556:Foundation (nonprofit) 551: 535:Charitable foundations 480:Endowed professorships 427:Lady Margaret Beaufort 358: 347: 229: 224:who created the first 84: 47: 2763:Venture capital firms 2515:Venture capital trust 2124:Volume 125, Number 44 1723:10.1257/aer.104.3.931 1312:, pp. 35–76 (35) 1169:. Stanford University 1136:Thenonprofittimes.com 719: 706:University of Toronto 617: 610:Criticism and reforms 578:community foundations 542: 447:University of Glasgow 443:Regius Professorships 360:The two oldest known 348: 320: 216: 93:charitable foundation 89:nonprofit corporation 76: 33: 2819:Financial endowments 2743:Private equity firms 2471:Private equity firms 2420:Post-money valuation 2297:Equity co-investment 1663:The Atlantic Monthly 1636:"So nicely endowed!" 845:in the United States 655:community foundation 637:Community foundation 588:Fiduciary management 397:Central Wakf Council 2793:Portfolio companies 2710:Undercapitalization 2562:Insurance companies 2480:Limited partnership 2425:Pre-money valuation 2033:. October 20, 2015. 1892:Nonprofit Quarterly 1584:. Ford Foundation. 1287:15 May 2013 at the 1053:Accounting Glossary 1038:: 367. May 1, 2007. 984:Wall Street Journal 886:The Harvard Crimson 806:, or that they are 691:Stanford University 582:private foundations 505:An endowed faculty 376:. A possibly older 324:Umar Ibn Al-Khattab 322:Ibn Umar reported, 52:financial endowment 18:Named professorship 2645:Capital commitment 2415:Business incubator 2382:Buy–sell agreement 1870:The Philanthropist 1800:2009-09-06 at the 1776:2018-04-14 at the 1450:2007-05-16 at the 781:Impact investments 624: 552: 230: 220:, the Stoic Roman 97:private foundation 85: 48: 2814:Education finance 2801: 2800: 2650:Capital structure 2535: 2534: 2377:Divisional buyout 2372:Management buyout 2367:Financial sponsor 2184:Ford Foundation: 2169:978-0-674-02817-3 1894:. March 12, 2019. 1497:on 24 August 2012 1330:978-1-84614-273-4 1310:978-0-521-54113-8 661:Economic downturn 437:) and Cambridge ( 16:(Redirected from 2826: 2791: 2790: 2781: 2780: 2771: 2770: 2761: 2760: 2751: 2750: 2741: 2740: 2731: 2730: 2592:Commercial banks 2582:Investment banks 2490:Carried interest 2355: 2354: 2258:Investment types 2240: 2233: 2226: 2217: 2216: 2206: 2205:on June 9, 2011. 2201:. Archived from 2173: 2144: 2143: 2141: 2139: 2134:on April 8, 2022 2130:. Archived from 2115: 2109: 2108: 2106: 2100:. Archived from 2099: 2090: 2088: 2087: 2072: 2066: 2065: 2063: 2062: 2056: 2049: 2041: 2035: 2034: 2023: 2017: 2016: 2014: 2012: 2006: 1999: 1991: 1985: 1984: 1982: 1980: 1971:. Archived from 1969:Heron Foundation 1961: 1955: 1954: 1952: 1950: 1941:. Archived from 1935: 1929: 1928: 1926: 1924: 1915:. Archived from 1905: 1896: 1895: 1884: 1878: 1877: 1865: 1859: 1841: 1835: 1834: 1832: 1830: 1816: 1810: 1792: 1786: 1768: 1762: 1744: 1738: 1737: 1735: 1725: 1697: 1691: 1690: 1688: 1687: 1673: 1667: 1666: 1658: 1652: 1651: 1649: 1647: 1632: 1626: 1625: 1623: 1622: 1603: 1597: 1596: 1594: 1593: 1578: 1572: 1571: 1566:. Archived from 1555: 1549: 1548: 1546: 1545: 1536:. Archived from 1526: 1520: 1513: 1507: 1506: 1504: 1502: 1486: 1480: 1479: 1461: 1455: 1442: 1436: 1429: 1423: 1416: 1410: 1409: 1407: 1405: 1391: 1385: 1384: 1382: 1381: 1366: 1360: 1359: 1338: 1332: 1319: 1313: 1298: 1292: 1273: 1267: 1250: 1244: 1233: 1227: 1212: 1206: 1205: 1185: 1179: 1178: 1176: 1174: 1158: 1152: 1151: 1149: 1147: 1127: 1118: 1117: 1115: 1113: 1093: 1087: 1086: 1084: 1082: 1062: 1056: 1046: 1040: 1039: 1027: 1021: 1018: 1009: 1008: 1006: 1005: 994: 988: 987: 976: 970: 969: 967: 966: 955: 949: 948: 946: 945: 930: 924: 923: 911: 902: 901: 899: 897: 877: 759:Impact investing 728: 695:Brown University 570:charitable trust 494:college rankings 418:or fellowships. 356: 345: 335:the slaves, the 316:charitable trust 299: 293: 21: 2834: 2833: 2829: 2828: 2827: 2825: 2824: 2823: 2804: 2803: 2802: 2797: 2783:Angel investors 2719: 2670:High-yield debt 2623:financial terms 2622: 2616: 2531: 2459: 2440:Startup company 2396: 2350: 2344: 2301: 2253: 2251:venture capital 2244: 2180: 2170: 2152: 2150:Further reading 2147: 2137: 2135: 2116: 2112: 2104: 2097: 2091: 2085: 2083: 2074: 2073: 2069: 2060: 2058: 2054: 2047: 2043: 2042: 2038: 2025: 2024: 2020: 2010: 2008: 2004: 1997: 1993: 1992: 1988: 1978: 1976: 1963: 1962: 1958: 1948: 1946: 1937: 1936: 1932: 1922: 1920: 1913:Justice Funders 1907: 1906: 1899: 1886: 1885: 1881: 1866: 1862: 1851:Wayback Machine 1842: 1838: 1828: 1826: 1818: 1817: 1813: 1802:Wayback Machine 1793: 1789: 1778:Wayback Machine 1769: 1765: 1760:Wayback Machine 1745: 1741: 1698: 1694: 1685: 1683: 1675: 1674: 1670: 1659: 1655: 1645: 1643: 1634: 1633: 1629: 1620: 1618: 1605: 1604: 1600: 1591: 1589: 1580: 1579: 1575: 1570:on May 1, 2005. 1556: 1552: 1543: 1541: 1540:on Mar 26, 2023 1534:UCLA Foundation 1528: 1527: 1523: 1514: 1510: 1500: 1498: 1487: 1483: 1476: 1462: 1458: 1452:Wayback Machine 1443: 1439: 1430: 1426: 1417: 1413: 1403: 1401: 1393: 1392: 1388: 1379: 1377: 1375:www.almaany.com 1369:Team, Almaany. 1367: 1363: 1357: 1339: 1335: 1320: 1316: 1299: 1295: 1289:Wayback Machine 1274: 1270: 1251: 1247: 1234: 1230: 1213: 1209: 1202: 1186: 1182: 1172: 1170: 1159: 1155: 1145: 1143: 1128: 1121: 1111: 1109: 1094: 1090: 1080: 1078: 1063: 1059: 1047: 1043: 1029: 1028: 1024: 1019: 1012: 1003: 1001: 996: 995: 991: 978: 977: 973: 964: 962: 957: 956: 952: 943: 941: 932: 931: 927: 912: 905: 895: 893: 878: 874: 870: 835:in South Africa 816: 795: 789: 787:Endowment taxes 761: 751: 738:Ford Foundation 729: 727:Justice Funders 726: 714: 683:Yale University 663: 639: 629: 612: 596: 590: 562: 548:Ford Foundation 537: 516: 503: 482: 462:Stephen Hawking 411: 405: 357: 354: 346: 343: 297:[ˈwɑqf] 262:Aristotelianism 246:Marcus Aurelius 218:Marcus Aurelius 211: 201: 184: 148: 113:private schools 36:Harvard College 28: 23: 22: 15: 12: 11: 5: 2832: 2822: 2821: 2816: 2799: 2798: 2796: 2795: 2785: 2775: 2765: 2755: 2745: 2735: 2724: 2721: 2720: 2718: 2717: 2712: 2707: 2702: 2697: 2692: 2687: 2682: 2677: 2672: 2667: 2662: 2657: 2652: 2647: 2642: 2637: 2632: 2626: 2624: 2618: 2617: 2615: 2614: 2609: 2604: 2602:Family offices 2599: 2594: 2589: 2587:Merchant banks 2584: 2579: 2574: 2569: 2564: 2559: 2554: 2549: 2543: 2541: 2537: 2536: 2533: 2532: 2530: 2529: 2524: 2519: 2518: 2517: 2512: 2502: 2497: 2495:Management fee 2492: 2487: 2482: 2477: 2467: 2465: 2461: 2460: 2458: 2457: 2452: 2447: 2442: 2437: 2432: 2427: 2422: 2417: 2412: 2410:Angel investor 2406: 2404: 2398: 2397: 2395: 2394: 2389: 2384: 2379: 2374: 2369: 2363: 2361: 2352: 2346: 2345: 2343: 2342: 2337: 2332: 2327: 2322: 2317: 2311: 2309: 2303: 2302: 2300: 2299: 2294: 2289: 2284: 2279: 2274: 2273: 2272: 2261: 2259: 2255: 2254: 2247:Private equity 2243: 2242: 2235: 2228: 2220: 2214: 2213: 2207: 2199:Stanford Daily 2190: 2179: 2178:External links 2176: 2175: 2174: 2168: 2151: 2148: 2146: 2145: 2110: 2107:on 2016-03-05. 2067: 2036: 2031:The New Yorker 2018: 1986: 1975:on 19 May 2019 1956: 1945:on 19 May 2019 1930: 1919:on 19 May 2019 1897: 1879: 1860: 1856:The GW Hatchet 1836: 1811: 1787: 1763: 1739: 1692: 1668: 1653: 1642:. 31 July 2004 1627: 1613:. 2013-06-18. 1598: 1573: 1558:Miller, Paul. 1550: 1521: 1508: 1481: 1474: 1456: 1437: 1424: 1411: 1399:awqafsa.org.za 1386: 1361: 1355: 1333: 1314: 1293: 1268: 1245: 1228: 1207: 1200: 1180: 1153: 1119: 1088: 1057: 1041: 1022: 1010: 989: 971: 950: 925: 914:Kenton, Will. 903: 880:Ma, Virginia. 871: 869: 866: 865: 864: 859: 854: 849: 848: 847: 842: 837: 832: 822: 815: 812: 791:Main article: 788: 785: 750: 747: 724: 713: 710: 687:private equity 662: 659: 643:Leona Helmsley 628: 625: 611: 608: 589: 586: 536: 533: 515: 512: 502: 499: 481: 478: 404: 401: 393:Abbasid period 352: 341: 234:endowed chairs 228:professorships 200: 197: 183: 180: 172: 171: 168: 164: 147: 144: 138:is the second 26: 9: 6: 4: 3: 2: 2831: 2820: 2817: 2815: 2812: 2811: 2809: 2794: 2786: 2784: 2776: 2774: 2766: 2764: 2756: 2754: 2746: 2744: 2736: 2734: 2726: 2725: 2722: 2716: 2713: 2711: 2708: 2706: 2703: 2701: 2698: 2696: 2693: 2691: 2688: 2686: 2683: 2681: 2678: 2676: 2673: 2671: 2668: 2666: 2663: 2661: 2658: 2656: 2653: 2651: 2648: 2646: 2643: 2641: 2638: 2636: 2633: 2631: 2628: 2627: 2625: 2619: 2613: 2610: 2608: 2605: 2603: 2600: 2598: 2595: 2593: 2590: 2588: 2585: 2583: 2580: 2578: 2575: 2573: 2570: 2568: 2567:Fund of funds 2565: 2563: 2560: 2558: 2557:Pension funds 2555: 2553: 2550: 2548: 2545: 2544: 2542: 2538: 2528: 2525: 2523: 2520: 2516: 2513: 2511: 2508: 2507: 2506: 2503: 2501: 2498: 2496: 2493: 2491: 2488: 2486: 2483: 2481: 2478: 2476: 2472: 2469: 2468: 2466: 2462: 2456: 2455:Venture round 2453: 2451: 2448: 2446: 2443: 2441: 2438: 2436: 2433: 2431: 2428: 2426: 2423: 2421: 2418: 2416: 2413: 2411: 2408: 2407: 2405: 2403: 2399: 2393: 2390: 2388: 2385: 2383: 2380: 2378: 2375: 2373: 2370: 2368: 2365: 2364: 2362: 2360: 2356: 2353: 2347: 2341: 2338: 2336: 2333: 2331: 2328: 2326: 2323: 2321: 2318: 2316: 2315:Early history 2313: 2312: 2310: 2308: 2304: 2298: 2295: 2293: 2290: 2288: 2285: 2283: 2280: 2278: 2275: 2271: 2268: 2267: 2266: 2263: 2262: 2260: 2256: 2252: 2248: 2241: 2236: 2234: 2229: 2227: 2222: 2221: 2218: 2211: 2208: 2204: 2200: 2196: 2191: 2188: 2187: 2182: 2181: 2171: 2165: 2161: 2160: 2154: 2153: 2133: 2129: 2125: 2121: 2114: 2103: 2096: 2082:on 2006-10-04 2081: 2077: 2071: 2057:on 2016-09-02 2053: 2046: 2040: 2032: 2028: 2022: 2007:on 2019-05-13 2003: 1996: 1990: 1974: 1970: 1966: 1960: 1944: 1940: 1934: 1918: 1914: 1910: 1904: 1902: 1893: 1889: 1883: 1875: 1871: 1864: 1858: 1857: 1852: 1848: 1845: 1840: 1825: 1821: 1815: 1809: 1808: 1803: 1799: 1796: 1791: 1785: 1784: 1779: 1775: 1772: 1767: 1761: 1757: 1754: 1753: 1752:Boston Herald 1748: 1743: 1734: 1729: 1724: 1719: 1715: 1711: 1707: 1703: 1696: 1682: 1678: 1672: 1664: 1657: 1641: 1637: 1631: 1616: 1612: 1608: 1602: 1587: 1583: 1577: 1569: 1565: 1561: 1554: 1539: 1535: 1531: 1525: 1518: 1517:Paola, Kansas 1512: 1496: 1492: 1485: 1477: 1475:9780521533102 1471: 1467: 1460: 1453: 1449: 1446: 1441: 1434: 1428: 1421: 1415: 1400: 1396: 1390: 1376: 1372: 1365: 1358: 1352: 1348: 1344: 1337: 1331: 1327: 1323: 1318: 1311: 1307: 1303: 1297: 1290: 1286: 1283: 1279: 1278: 1272: 1265: 1264:0-521-36105-2 1261: 1257: 1256: 1249: 1242: 1241:0-7864-3462-7 1238: 1232: 1226:, pp. XIX–XX. 1225: 1224:0-521-36105-2 1221: 1217: 1211: 1203: 1201:9780520021945 1197: 1193: 1192: 1184: 1168: 1164: 1157: 1141: 1137: 1133: 1126: 1124: 1107: 1103: 1099: 1092: 1076: 1072: 1068: 1061: 1054: 1050: 1045: 1037: 1033: 1026: 1017: 1015: 999: 993: 986:. 4 May 2016. 985: 981: 975: 960: 954: 939: 935: 929: 921: 917: 910: 908: 891: 887: 883: 876: 872: 863: 860: 858: 857:Endowment tax 855: 853: 850: 846: 843: 841: 838: 836: 833: 831: 828: 827: 826: 823: 821: 818: 817: 811: 809: 805: 801: 794: 793:Endowment tax 784: 782: 778: 773: 770: 766: 760: 756: 755:Disinvestment 746: 743: 739: 734: 723: 718: 709: 707: 702: 700: 696: 692: 688: 684: 680: 676: 671: 668: 658: 656: 652: 647: 644: 638: 634: 621: 616: 607: 603: 601: 595: 585: 583: 579: 575: 571: 567: 561: 557: 549: 545: 541: 532: 530: 524: 521: 511: 508: 498: 495: 491: 490:endowed chair 487: 486:professorship 477: 475: 471: 465: 463: 459: 455: 450: 448: 444: 440: 436: 432: 428: 424: 419: 417: 410: 400: 398: 394: 389: 387: 383: 379: 375: 371: 367: 363: 351: 340: 338: 333: 329: 325: 319: 317: 313: 309: 305: 304: 298: 289: 285: 281: 279: 273: 271: 267: 263: 259: 255: 251: 247: 243: 239: 235: 232:The earliest 227: 226:endowed chair 223: 219: 215: 210: 206: 196: 194: 190: 179: 176: 169: 165: 161: 160: 159: 157: 153: 143: 141: 137: 133: 129: 125: 120: 118: 114: 110: 106: 102: 98: 94: 90: 83: 79: 75: 71: 69: 65: 61: 57: 53: 45: 41: 37: 34:Engraving of 32: 19: 2715:Vintage year 2640:Capital call 2612:Crowdfunding 2571: 2547:Corporations 2450:Venture debt 2203:the original 2198: 2185: 2158: 2136:. Retrieved 2132:the original 2123: 2113: 2102:the original 2084:. Retrieved 2080:the original 2070: 2059:. Retrieved 2052:the original 2039: 2030: 2021: 2009:. Retrieved 2002:the original 1989: 1977:. Retrieved 1973:the original 1968: 1959: 1947:. Retrieved 1943:the original 1933: 1921:. Retrieved 1917:the original 1912: 1891: 1882: 1873: 1869: 1863: 1854: 1839: 1827:. Retrieved 1823: 1814: 1805: 1790: 1781: 1766: 1750: 1742: 1709: 1705: 1695: 1684:. Retrieved 1680: 1671: 1662: 1656: 1644:. Retrieved 1639: 1630: 1619:. Retrieved 1610: 1601: 1590:. Retrieved 1576: 1568:the original 1563: 1553: 1542:. Retrieved 1538:the original 1533: 1524: 1511: 1499:. Retrieved 1495:the original 1484: 1465: 1459: 1440: 1432: 1427: 1419: 1414: 1402:. Retrieved 1398: 1389: 1378:. Retrieved 1374: 1364: 1346: 1342: 1336: 1321: 1317: 1301: 1296: 1282:"University" 1275: 1271: 1254: 1248: 1231: 1215: 1210: 1190: 1183: 1171:. Retrieved 1166: 1156: 1144:. Retrieved 1135: 1110:. Retrieved 1101: 1091: 1079:. Retrieved 1070: 1060: 1044: 1031: 1025: 1002:. Retrieved 992: 983: 974: 963:. Retrieved 953: 942:. Retrieved 940:. 2021-10-14 937: 928: 920:Investopedia 919: 894:. Retrieved 885: 875: 804:tax shelters 796: 774: 762: 735: 731: 720: 715: 703: 672: 664: 653:: the first 648: 641:The case of 640: 633:Donor intent 627:Donor intent 604: 597: 563: 525: 517: 504: 489: 483: 466: 454:Isaac Newton 451: 420: 416:scholarships 412: 390: 377: 365: 361: 359: 349: 326:got land in 321: 301: 282: 274: 270:Epicureanism 244:philosopher 240:emperor and 231: 185: 177: 173: 156:donor intent 149: 121: 109:universities 86: 82:Space Needle 51: 49: 2577:Foundations 2500:Pledge fund 2292:Secondaries 1876:(1): 52–61. 1733:10220/20933 1716:: 931–962. 1501:6 September 1266:, pp. 47–55 1173:6 September 938:The Crimson 916:"Endowment" 896:October 14, 520:scholarship 518:An endowed 484:An endowed 308:Islamic law 60:real estate 40:Paul Revere 2808:Categories 2665:Envy ratio 2572:Endowments 2435:Seed money 2349:Terms and 2086:2007-01-22 2061:2017-03-14 1820:"Politics" 1686:2019-04-04 1621:2017-03-29 1611:GrantSpace 1592:2014-05-14 1544:2023-03-03 1380:2019-05-11 1356:9004113517 1004:2018-09-04 965:2022-07-18 944:2021-10-14 868:References 765:divestment 753:See also: 631:See also: 592:See also: 554:See also: 431:Henry VIII 407:See also: 384:Museum in 254:philosophy 203:See also: 2635:Cap table 2540:Investors 2464:Structure 2282:Mezzanine 2270:Leveraged 1824:Bloomberg 1243:, p. 55f. 840:in the UK 830:in Canada 529:doctorate 470:Cambridge 456:held the 258:Platonism 163:purposes. 117:Red Cross 68:principal 56:financial 2685:Leverage 2621:Related 2351:concepts 2128:The Tech 1847:Archived 1829:14 April 1798:Archived 1774:Archived 1756:Archived 1646:14 April 1640:Newsweek 1615:Archived 1586:Archived 1582:"Grants" 1448:Archived 1404:29 March 1285:Archived 1146:March 5, 1140:Archived 1112:March 5, 1106:Archived 1081:March 5, 1075:Archived 890:Archived 814:See also 725:—  600:trustees 374:Istanbul 353:—  342:—  332:Muhammad 303:mortmain 278:madrasas 266:Stoicism 189:invading 105:colleges 42:, 1767. 2695:M&A 2402:Venture 2307:History 2277:Venture 2138:May 20, 378:waqfiya 366:waqfiya 362:waqfiya 328:Khaybar 222:emperor 199:History 193:cy-près 167:intent. 95:, or a 2660:EBITDA 2359:Buyout 2287:Growth 2265:Buyout 2166:  2011:13 May 1979:19 May 1949:19 May 1923:19 May 1472:  1353:  1343:Studia 1328:  1308:  1262:  1239:  1222:  1198:  1071:Forbes 580:, and 507:fellow 474:Oxford 382:Louvre 312:Muslim 288:Arabic 268:, and 250:Athens 207:, and 111:, and 2475:funds 2340:2020s 2335:2010s 2330:2000s 2325:1990s 2320:1980s 2189:(PDF) 2105:(PDF) 2098:(PDF) 2055:(PDF) 2048:(PDF) 2005:(PDF) 1998:(PDF) 1712:(3). 386:Paris 337:jihad 292:وَقْف 242:Stoic 238:Roman 146:Types 101:trust 2527:SPAC 2473:and 2430:SAFE 2249:and 2164:ISBN 2140:2019 2013:2019 1981:2019 1951:2019 1925:2019 1831:2018 1648:2018 1503:2012 1470:ISBN 1406:2018 1351:ISBN 1326:ISBN 1306:ISBN 1260:ISBN 1237:ISBN 1220:ISBN 1196:ISBN 1175:2012 1148:2015 1114:2015 1083:2015 898:2021 862:Waqf 757:and 635:and 558:and 488:(or 472:and 284:Waqf 209:waqf 91:, a 2700:PME 2680:IRR 2675:IPO 2630:AUM 1728:hdl 1718:doi 1710:104 568:or 372:in 248:in 38:by 2810:: 2197:. 2126:. 2122:. 2029:. 1967:. 1911:. 1900:^ 1890:. 1874:23 1872:. 1822:. 1726:. 1708:. 1704:. 1679:. 1638:. 1609:. 1562:. 1532:. 1397:. 1373:. 1280:: 1165:. 1138:. 1134:. 1122:^ 1104:. 1100:. 1073:. 1069:. 1051:, 1034:. 1013:^ 982:. 936:. 918:. 906:^ 888:. 884:. 810:. 677:. 464:. 318:. 294:; 290:: 264:, 260:, 256:: 126:. 107:, 58:, 50:A 2239:e 2232:t 2225:v 2172:. 2142:. 2089:. 2064:. 2015:. 1983:. 1953:. 1927:. 1833:. 1736:. 1730:: 1720:: 1689:. 1665:. 1650:. 1624:. 1595:. 1547:. 1505:. 1478:. 1435:. 1422:. 1408:. 1383:. 1204:. 1177:. 1150:. 1116:. 1085:. 1007:. 968:. 947:. 922:. 900:. 622:. 286:( 187:" 20:)

Index

Named professorship

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

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