Legal definition of endowment
Estate Taxes & Gift Taxes Legal Terminology


a transfer of money to a fund (trust) with the aim of investing the money and keeping the principal intact forever or for a definite period of time.
The most famous and successful endowments are Harward Fund and Yale endowment fund.
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Robert C PowellAttorney at LawPRACTICE AREA: Real Estate Law, Business Law, Industrial Development Law
Ryan P ArmbrusterAttorney at LawPRACTICE AREA: Administrative Law, Workers Compensation, Industrial Development Law
Brian F McCollAttorney at LawPRACTICE AREA: Real Estate Law, Litigation, Industrial Development Law
Glens Falls Post-StarSwan said he would like to clarify the county law, since collections from cottage renters was singled out in a recent state audit of the county's occupancy tax collection practices. He said he would like to see it changed so that if a business rents ... more »
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