Knowledge Base

What is an endowment?

An endowment is established with a gift from the private sector that comprises the corpus or principal of the endowment.  The corpus is invested and a designated portion of income or the capital gain is used to fund a project or need.  The corpus remains intact in perpetuity, thereby continuing to generate funds to be used by the institution.  For more information refer to OP 02/08 at the following link:  

http://www.depts.ttu.edu/opmanual/OP02.08.pdf

 

Submitted by:  Crista McCune
Managing  Director, Financial Accounting and Reporting
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