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endowment fund

/ɪnˈdaʊmənt fʌnd/

1 entry

phrase

/ɪnˈdaʊmənt fʌnd/C1formalbusiness
  • ruФинансовый фонд, созданный для получения и управления пожертвованиями или инвестициями, где основная сумма обычно сохраняется, а доход используется для конкретных целей, таких как поддержка учреждения, благотворительности или стипендии.

A financial fund set up to receive and manage donations or investments, where the principal is typically kept intact and the income is used for a specific purpose, such as supporting an institution, charity, or scholarship.

  1. Financial asset for institutionsC1formal

    A sum of money or financial assets donated to an institution (such as a university, museum, or charity) that is invested to generate income for ongoing support.

    ruЦелевой капитал

    • The university's endowment fund supports scholarships for underprivileged students.
    • The museum used its endowment fund to finance a new exhibition hall.
    • Donations to the endowment fund ensure the organization's long-term financial stability.