Assertion: endowment | /r/HasProperty | a pool of funds
Facets:
value: for a designated purpose
type: PURPOSE
value: for general operating support
type: PURPOSE
Source sentences:
text: Simply put, an endowment is a pool of funds raised by a non-profit organization which is then invested, and which provides returns or ongoing income to the non-profit, either for a designated purpose or for general operating support.
text: An endowment is a pool of money that is invested so that the income can be used to support the nonprofit.
text: Endowments, as defined by the University, are gifts or bequests of money that are given for the permanent support of the University.