X-Nico

20 unusual facts about Financial endowment


Albergue Caritativo Tricoche

The "Albergue Caritativo Tricoche" (Tricoche Charitable Shelter) was founded in 1878 thanks to an endowment to the City of Ponce left by Mr. Valentin Tricoche in his will.

Alexander Skutch

After a joint meeting of the Association of Field Ornithologists, American Birding Association and Asociación Ornitológica de Costa Rica held in San Jose, Costa Rica, in 1997, Skutch made an endowment to the Association of Field Ornithologists to establish a research award.

Bonnie C. Templeton

She left endowments to Oregon State University to support graduate student research and maintenance of the Department of Botany and Plant Pathology's teaching collection.

Catharine Lorillard Wolfe

Wolfe's gift of $200,000 was the first permanent endowment fund for buying art ever given to a major American museum.

Cincinnati Park Board

The board receives its funding from the city, state and federal grants, as well as private endowments.

City Parochial Foundation

This provided that the five largest parishes should continue to administer their own charitable endowments, but that the charities of the remaining 107 parishes (consisting of about 1,400 separate charitable gifts and bequests stretching back over 400 years) should be administered by a new corporate body officially called the Trustees of the London Parochial Charities.

David S. Loeb

He received a bachelor's degree in accounting from New York University in 1951 and served on the Board of Overseers of the NYU/Stern School of Business where he endowed a Professorship in Finance.

Hamilton Lane

Hamilton Lane has clients and fund investors around the world including public and corporate pension funds, sovereign wealth funds, Taft-Hartley funds, financial institutions, insurance companies, foundations and endowments.

Joseph M. McShane

::* to generate and sustain the funding necessary to support investments in physical resources and the University endowment, and to fuel growth in annual giving.

Judith Shapiro

Building on a strong financial foundation, the College doubled its endowment to $134 million during President Shapiro's tenure and has continued to expand its annual fundraising, even during the economic downtown of the 2002-2003 fiscal year, when a record $25 million in gifts and pledges was raised.

Lorin Cray House

Cray was an important donor to what became the Mankato YWCA; when he and his wife died in 1927, the house and furnishings were willed to the organization along with an endowment for the upkeep of the building.

Mechanicsburg Baptist Church

It was further strengthened by donations from two members: one gave his home for use as a parsonage, and the other endowed the church's Sunday school.

Museo Castillo Serrallés

The museum is administered and operated by a non-governmental, non-profit, civic organization called Patronato de Ponce. The organization received an endowment from the Ponce Municipal Government of $600,000 a year during the 2008-2009 fiscal year, but due to the world-wide economic downturn the Municipality dropped its endowment to $300,000 per year in 2010.

Peace Through Education Project

It aims to do this through the collection of funds for an endowment to support a school and then replicate itself by apportioning funds from the endowment to create sister schools around the world.

Princess Auto

Also in 2007 the company established the "Princess Auto Foundation" which provides endowment bursaries to students of several technical colleges throughout Canada.

Ralph Hubbard Norton

Norton's use of an endowment was innovative and novel at the time he set it up to support the museum he established in perpetuity.

Steve Pajcic

In 1992, Pajcic and his brother Gary established a million dollar endowment at the University of North Florida to pay the full tuition of any graduate of their alma mater, Paxon High School, who was accepted at and enrolled at UNF.

Timothy S. Healy

Admissions doubled, the university endowment increased from $38 million to nearly $228 million, and the campus facilities expanded to reflect the university's rising academic prestige.

UNC tuition increase

They believe that the university should dip into its $2.2 billion endowment before forcing students to make up for state budget cuts.

United States – Israel Binational Science Foundation

The BSF's income is derived from interest on an endowment of $100 million which was established in equal parts by the United States and Israeli governments.


Benefice

The French Revolution replaced France's system by the Civil Constitution of the Clergy following debates and a report headed by Martineau in 1790, confiscating all endowments of the church until then the highest (premier ordre) of the Ancien Régime; instead awarding a state salary to the formerly endowment-dependent clergy, and abolishing canons, prebendaries and chaplains.

Bonnie R. Cohen

She would eventually become an investment consultant to the Stanford University endowment; treasurer of the United Mine Workers of America's Health and Retirement Funds; and senior vice president of the National Trust for Historic Preservation.

Covenham Priory

The manor, which formed the endowment of the priory of Covenham, was granted in 1082 by William the Conqueror to the abbot and convent of Saint Calais, Le Mans, at the request of the Bishop of Durham a former a monk of that abbey.

Judith Merril

In 1970 she began an endowment at the Toronto Public Library for the collection of all science fiction published in the English language.

Medical Service Ministries

John Weir was a notable treasurer for the Missionary School of Medicine due to his contributions to the formation of the school’s endowment fund.

North American Islamic Trust

The North American Islamic Trust (NAIT) is a Saudi-backed organization based in Plainfield, Indiana, that owns Islamic properties and promotes waqf (Islamic endowments) in North America.