The fund would then disburse the money based on a formula, providing regular payments until the endowment is exhausted.
In the last fiscal year, its endowment lost some 30 percent of its value—or $12 billion—leading to layoffs and hiring freezes.
She estimates she needs $5 million to complete the floating clinic—and $25 million more for an endowment.
The University of Rochester's endowment dropped by 25% percent in the past six months.
By 2000, he had put most of its endowment fund in illiquid investments.
He enhanced the endowment by diligent study in the high school at Prato, in Tuscany, where he spent his boyhood.
The existence of this endowment is perhaps not as widely known as it should be.
Take an extreme case and suppose a man who has just received forgiveness for his past and the endowment of a new nature.
It cost altogether 150,000, and when finished it would need an endowment.
We have received in addition to this $1,000 for an endowment Fund.