The particular fund or part of a fund of an institution, foundation or charity, bestowed for its more permanent uses and kept intact for the purposes intended. If it is income-earning only the income, not the fund itself may be used. It may also include property which does not earn income (eg land on which the premises of the foundation or charity stands).
Endowment, Permanent
This entry is part of the Civil Society Glossary project, a resource of terms and definitions used when working in and with the civil society sector.