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Stift Melk 001 2004
The term (; ) is derived from the verb (to donate) and originally meant 'a donation'. Such donations usually comprised earning assets, originally landed estates with serfs defraying dues (originally often in kind) or with vassal tenants of noble rank providing military services and forwarding dues collected from serfs. In modern times the earning assets could also be financial assets donated to form a fund to maintain an financial endowment, endowment, especially a charitable foundation. When landed estates, donated as a to maintain the college (canon law), college of a monastery, the chapter (religion), chapter of a collegiate church or the cathedral chapter of a diocese, formed a territory enjoying the status of an imperial state within the Holy Roman Empire then the term often also denotes the territory itself. In order to specify this territorial meaning the term is then composed with as the compound ''Hochstift'', denoting a prince-bishopric, or for a prince-archbishopri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Endowment
A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of Financial instrument, financial, real estate, or other investments for a specific purpose according to Donor intent, the will of its founders and donors. Endowments are often structured so that the inflation-adjusted principal (finance), principal or "corpus" value is kept intact, while a portion of the fund can be (and in some cases must be) spent each year, utilizing a prudent spending policy. Endowments are often governed and managed either as a Nonprofit organization, nonprofit corporation, a charitable foundation, or a private foundation that, while serving a good cause, might not qualify as a public charity. In some jurisdictions, it is common for endowed funds to be established as a trust (law), trust independent of the organizations and the causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g., co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
