Endowments - National Endowment for the Arts, Jane Alexander, List of UK Universities by Endowment (Paperback)

Chapters: National Endowment for the Arts, Jane Alexander, List of Colleges and Universities in the United States by Endowment, List of Canadian Universities by Endowment, Dana Gioia, Financial Endowment, List of Wealthiest Charitable Foundations, Rocco Landesman, John Frohnmayer, Michael P. Hammond, Nea Jazz Masters, Michael C. Fitzgerald, Endowment Invasion, Nancy Hanks, Lists of Institutions of Higher Education by Endowment, Bill Ivey, List of Australian Universities by Endowment, the Wallenberg Endowment, Nea Four, Livingston L. Biddle, Jr., Frank Hodsoll. Source: Wikipedia. Pages: 92. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Endowment invasion in when an institution uses the financial endowment to pay off debts and cover the yearly operating expenses. In New York the practice requires approval from the state attorney general s office and the New York State Supreme Court; by 2009, however, most states have adopted UPMIFA, a law which allows "invading principal." It is considered a last resort for any institution to stave off closure. Examples See also (online edition) References (URLs online) A hyperlinked version of this chapter is at A financial endowment is a transfer of money or property donated to an institution . The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation or trust .Among the institutions that commonly manage an endowment are: academic institutions (e.g., colleges, universities, private schools ), cultural institutions (e.g., museums, libraries, theaters, hospitals) and religious establishments.An endowment may come with stipulations regarding its usage. In some circumstances an endowment may be required to be spent in a certain way or alternatively invested, with the principal to...