A.
Dear Client,
The primary purpose of an endowment is to provide a long-term, sustainable source of funding for a non-profit organization, such as a university, charity, museum, temple, etc. The principal amount of the endowment is typically kept intact, while the investment income (interest, dividends, etc.) is used to support the organization's operations or specific programs. An "endowment department," in the context of government or institutions, refers to a department or agency responsible fo
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