An endowment is a structure used by large non-profit organizations – such as hospitals, museums, and universities – to raise donation capital in order to fund its operations on an ongoing basis. The endowment structure enables such non-profit organizations to manage a set of financial assets through which investment returns can be generated. Investment returns that are generated from the financial assets are then used to fund the operations of the non-profit and further grow the endowment.
- "Endowment". Investopedia. Retrieved 2021-11-18.