Definition and Management of Endowment
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Date
2010
Authors
Irvin, Renee A.
Journal Title
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Abstract
Endowment, in the vernacular, can refer to any asset of substance that allows a person, organization or country to excel in their pursuits of business or leisure. For example, economists specializing in international trade describe a country as having an “endowment” of abundant land for agricultural crops. A man or woman can be described as “well-endowed”, but this implies a topic more risque than a generous trust fund or accumulated retirement savings. Nonprofit sector “endowment” is analogous to a savings account. Organizations may have endowments of other types of assets (a beautiful campus, historic facilities, etc.), but their financial endowment is our primary focus.
Description
6 pages
Keywords
Endowments, Definitions, Nonprofit finance, Nonprofit sector
Citation
Irvin, Renee A. (2010). Definition and Management of Endowment. In H. Anheier and S. Toepler (Eds.), International Encyclopedia of Civil Society. (pp. 632-636). New York: Springer Publications.