But its $4.5 million endowment -- the first endowment required under the 1986 law -- produces income of less than $200,000 per year, according to an official of the National Archives and Records Administration, which owns and runs 10 presidential libraries.
For your information, we currently have two different gift minimum levels: an endowment requires a $100,000 gift, and it then produces annual revenue (currently 4%) for use according to the donor's intent; and an expendable fund requires a $10,000 gift, again, spent according to the donor's intent, but typically used in a short period of time.
To receive one's temple endowment requires conscientious effort toward obedience to the lifestyle prescribed by LDS doctrine [ 22].
It represents either an increase or a reduction of the hedger's initial endowment x, which is required to implement a trading strategy ensuring that the hedger's wealth at time T, after the terminal payoff of the contract has been settled, perfectly matches the value at time T of the original initial endowment x invested in the cash account.
The contention was, moreover, a bold move in a proposal suggesting that an enormous endowment of $2,750,000 was required to build such a program in Baltimore.
When William K. Vanderbilt Jr. bequeathed his mansion to Suffolk County, he required that the endowment never drop below the original principal of $8.2 million.
Harvey P. Dale, the New York University law professor who conceived of the plan to make the gift in secret and operate the endowment without the annual public disclosures required of American foundations, said he would step down as president of the endowment and chairman of its operating arm, Atlantic Philanthropic Services in New York.
A brouhaha that started with the 1987 photograph "Piss Christ," made by Andres Serrano with endowment support, and which then expanded over an exhibition of sexually explicit Robert Mapplethorpe photographs, led Congress in 1989 to require endowment artist grants to take into consideration "general standards of decency".
When VCs raise capital from public universities, endowments, pension funds and others, they are required to report it under the Freedom of Information Act (FOIA).
Some members of Congress, notably Senator Charles E. Grassley, Republican of Iowa, have been putting pressure on universities with large endowments to help ensure college access by increasing their endowment spending and questioned why they are not required to pay out the same 5 percent a year as private foundations must to retain their tax-free status.
