Exact(1)
To replicate the program in New York City, to cover the college tuition of all 52,000 students who graduate from the nation's largest school system every year, an endowment of something like $20 billion would be needed, according to Keith Luke, at the Connecticut-based Commonfund, which manages $25 billion in assets for nonprofit institutions.
Similar(59)
This states that desirable goods are more valuable when they are part of one's endowment, i.e. individuals put more value on the loss of something they own or have experienced than its acquirement when they have not experienced it [ 81].
The endowment effect is so strong that even imagined ownership can increase the value of something.
Your legacy doesn't have to be simply a cause, an endowment, or something your community needs.
That would cut the required principal to maintain a "living standard" to a very manageable amount and maybe even leave something for the children, or better yet, the endowment of a worthy cause.
Eventually, Ms. Abaunza said, the museum will need to hire a director of development and build an endowment, something it has never had.
Many cited its endowment of more than $80m.
Its endowment of $35 billion is the largest of any university.
The Bill and Melinda Gates Foundation has an endowment of $43.5bn.
(The endowment of the J. Paul Getty Trust is $6.4 billion).
It now has an endowment of more than $400 million.
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