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Engraving of Harvard College by Paul Revere, 1767. Harvard University's endowment was valued at $53.2 billion as of 2021. [1]A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. [2]
Financial endowment, pertaining to funds or property donated to institutions or individuals (e.g., college endowment) Endowment mortgage, a mortgage to be repaid by an endowment policy; Endowment policy, a type of life insurance policy; A synonym for budget constraint, the total funds available for spending
Endowment is a concept in philosophy that refers to human capacities and abilities which can be naturally or socially acquired. [1] Natural endowment is biologically analysed. [ 1 ] It is examined through individual genes or inborn abilities.
Harvard University, with a $49.495 billion endowment as of FY2023, is the wealthiest university in the world.. Many colleges and universities in the United States maintain a financial endowment consisting of assets that are invested in financial securities, real estate, and other instruments.
The endowment effect changes the shape of the indifference curves substantially [41] Similarly, another study that is focused on the Strategic Reallocations for Endowment analyses how it is the case that economics's agents welfare could potentially increase if they change their endowment holding.
A factor endowment, in economics, is commonly understood to be the amount of land, labor, capital, and entrepreneurship that a country possesses and can exploit for manufacturing. Countries with a large endowment of resources tend to be more prosperous than those with a small endowment if all other things are equal.
In Mormonism, the endowment is a two-part ordinance (ceremony) designed for participants to become kings, queens, priests, and priestesses in the afterlife. As part of the first ceremony, participants take part in a scripted reenactment of the Biblical creation and fall of Adam and Eve .
In the LDS Church's modern practices, the endowment ceremony directs new participants to take a number of solemn oaths or covenants such as an oath of consecration to the LDS Church. Also in the LDS Church's modern practices, completing the endowment ceremony is a prerequisite to both full-time missionary service and temple marriage.