Assertion: endowment | /r/HasProperty | held
Facets:
Source sentences:
text: These gifts are held and invested in perpetuity by The Regents of the University of California and the UC San Diego Foundation for the purpose of generating a permanent expendable income stream from the return on the gift for the purpose the donor desires.
text: In 1905, the University received its first cash endowed gift of $400; thus began the accumulation of endowment and similar funds that are held today.