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Endowment (1)
ENDOWMENT (1)

Definition: Money that is given to a school, a college or another institution to provide it with an income; the act of given this money.
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* All six elements should be in.

* This is not about the act.


1. Purposeful and necessary (see definition).

2. Amount is reasonable - enough to be profitably invested.

3. Source of money is legal, approved. That is, not a receipt that will be deemed as illegal.

4. Money is given fully, correctly and received promptly.

5. Management of the sum is 'professionally handled' (to emphasize).

6. Income that is earned from the money is of value and is ploughed back appropriately and/or used judiciously.
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MORE THAN A DONATION. (See perfect SEED MONEY.)

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