Assertion: endowment's purpose | /r/HasProperty | designated by the donor
Facets:
Source sentences:
text: Many university foundations cover operating costs by charging fees on gifts, but we allocate 100 percent of the principal of every gift for the purpose designated by the donor.
text: The overwhelming majority of these funds were restricted by donors; they can be used only for the purpose designated by the donor.
text: Distinct from the generous donations that Brown’s alumni, parents, students, and friends make to the University through the Annual Fund, which are spent immediately, the funds from the endowment are invested and a portion of the earnings used to support a purpose designated by the donor.
text: Restricted endowments are funds established for a more specific purpose, designated by the donor, such as a department or scholarship.