A permanent endowment is specially set with instructions to invest the money permanently. A term endowment is set with instructions that the funds be invested of a certain period of time and then released. A quasi-endowment is an unrestricted gift given, but then the institution’s governing board decides to create an endowment from the money.
A permanent endowment instructions are set by the donor, and invested permanently.
A Term endowment is also another term for temporarily restricted, meaning it is invested for a set number of years, then released.
A quasi-endowment is when a donor gives a gift with no restrictions on it, and the instituition's governing board who received the gift decides to create an endowment with the money.
A permanent endowment is specially set with instructions to invest the money permanently. A term endowment is set with instructions that the funds be invested of a certain period of time and then released. A quasi-endowment is an unrestricted gift given, but then the institution’s governing board decides to create an endowment from the money.
ReplyDeleteA permanent endowment instructions are set by the donor, and invested permanently.
ReplyDeleteA Term endowment is also another term for temporarily restricted, meaning it is invested for a set number of years, then released.
A quasi-endowment is when a donor gives a gift with no restrictions on it, and the instituition's governing board who received the gift decides to create an endowment with the money.