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GSGS Posted 13 years ago
Vocabulary
Proper translation
Hi,
I have been struggling to comprehend fully the word "endowment" but in vain.
Having no other choice I will translate it to my native language as "fund" but I feel it is not exactly fund.
Can you help me understanding its precise meaning?
By the way the context in my case, if it has any meaning at all, is financial - those endowments universities and colleges have.
I have been struggling to comprehend fully the word "endowment" but in vain.
Having no other choice I will translate it to my native language as "fund" but I feel it is not exactly fund.
Can you help me understanding its precise meaning?
By the way the context in my case, if it has any meaning at all, is financial - those endowments universities and colleges have.
Top answer
An endowment is a gift of money. The recipient may then invest it to create a fund.
- An endowment is a gift of money.
- The recipient may then invest it to create a fund.
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6 Answers
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An endowment is a gift of money. The recipient may then invest it to create a fund.
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Thank you. so basically it is a contribution fund? I know that an endowment is basically a fiancial vehicle which accumulating donors' gifts/contributions.
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GSGS. so basically it is a contribution fund?No, an endowment is just a gift: the receiver can do what they wish with it (within the legal terms of the gifting, I suppose).
Did you check your dictionary?—
Endowment:
- the act of giving money to a college, hospital, or other institution.
- an amount of money that some
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I am sorry, what I meant was to ask if the term endowment could be replaced by the term donation (not contribution as I previously wrote).
Babylons defines these two terms in the following way:
endowment - grant, award, donation; talent, gift, ability (furnished by ***, nature, etc.).
donation - gift, cont
Babylons defines these two terms in the following way:
endowment - grant, award, donation; talent, gift, ability (furnished by ***, nature, etc.).
donation - gift, cont
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In your context, a mere donation is a one-time gift, usually of money, often solicited. An endowment is grander. It can be a gift of land and buildings, even. An endowment can be a large sum of money earmarked for a certain purpose; you can endow a series of lectures or an arts program, for instance, by setting up a fund that generates enough interest capital to pay the expenses entailed year to y
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