The 10 Most Frequently Asked Questions About Endowments Press on. Nothing in the world takes the place of persistence. Talent will not. Nothing is more common than men with talent. Genius is not.
Unrewarded genius is almost a proverb.
Education alone will not. The world is full of educated derelicts. Persistence and determination alone are omnipotent. There is no legal definition. The commonly accepted meaning for endowment is a fund which is kept in perpetuity to provide interest and dividend earnings for the benefit of a charitable cause.