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From that endowment the foundation was born.
Indeed, interest from that endowment allows the greater share of 800 students to attend the institution without having to pay tuition.
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What she doesn't mention is that earnings from the endowment last year could cover the entire operating budget while still growing at a healthy rate.
But Mr. Reischauer warned that selling such stocks from the endowment's large investments in hedge funds, mutual funds and other pooled vehicles could be costly, hurting returns.
A typical college or university will supplement its annual expenditures with perhaps another 20percentt from the endowment, and that is a bonus for all students.
The money [to build Monsta] came from an endowment that Johnson set up at the National Trust for Historic Preservation, which gets the whole Johnsonian compound when he dies.
We define that as all income not from the endowment, less all expenses.
The Louvre said that it planned to use money earned from the endowment to renovate its Greek and Roman art wing and build additions to the museum.
The bad news is that students may not see real financial benefits from the endowment for years to come.
Digital humanities, a discipline that barely existed a decade ago, has been winning additional financing from the endowment.
In that period, some artists were declining grants from the endowment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com