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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]
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 National Endowment for the Humanities (NEH) is an independent federal agency of the U.S. government, established by the National Foundation on the Arts and the Humanities Act of 1965 (Pub. L. 89–209), dedicated to supporting research, education, preservation, and public programs in the humanities.
(Bloomberg Opinion) -- What are university endowments for, anyway? This debate has become more intense with the arrival of Covid-19 and the accompanying economic devastation. There is now a clear ...
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Endowment tax is the taxation of financial endowments that are otherwise not taxed due to their charitable, educational, or religious mission. Endowments can be up to several billion dollars at some universities , some charitable foundations , and some medical foundations.
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
The endowment totaled $78.8 million, as of June 30, NFA Foundation Executive Director Kathy McCarthy told corporators and trustees Thursday at Slater Auditorium.