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LSDefine

Simple English definitions for legal terms

endowment

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A quick definition of endowment:

Endowment: Money or property given to an organization for a specific purpose. It's like a big piggy bank that grows over time because the organization invests it. The organization can use some of the money it earns from the piggy bank, but it can't spend all of it. Endowments are often used by big organizations like universities and hospitals, but any charity can use them to help manage their money.

A more thorough explanation:

Endowment refers to money or property that is given to an organization for a specific purpose. It is usually invested in stocks, bonds, or other investment vehicles to grow over time. The invested amount is called the principal or corpus, and the income earned from it is used for the benefit of the organization.

  • A university receives an endowment of $10 million from a donor to fund scholarships for students from low-income families. The university invests the money in stocks and bonds, and the income earned from it is used to provide scholarships to eligible students.
  • A hospital receives an endowment of $5 million from a philanthropist to fund research on a particular disease. The hospital invests the money in mutual funds, and the income earned from it is used to support the research.

These examples illustrate how endowments work. The donated money is invested to generate income, which is then used for the intended purpose. The principal amount is not spent, but is instead preserved and grown over time to ensure the long-term sustainability of the organization's mission.

endorsement (indorsement) | endowment insurance

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General chat about the legal profession.
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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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