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Mr. Sharpe has been promoting a different kind of endowment to charities since the early 1990s.
We can look at the environment as some kind of endowment and it's okay to live off of the interest of the endowment but we have some responsibility to pass this endowment on to future generations.
A GROWING number of charities are persuading donors to create a little-known kind of endowment as the troubled economy and this year's hiatus from the estate tax create problems for charities that depend on major lifetime gifts and on bequests.
By encouraging us to connect the bid (our money) with the sale item, bidding on items lets us fantasise about owning them – stimulating a kind of endowment effect.
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"We are building this kind of permanent charitable endowment for Long Island.
Like "some kind of small-scale National Endowment for the Arts for young American outsider culture," Pabst paid the bills at bike messenger contests, skateboarder movie screenings, and art and indie publishing get-togethers.
And it was precisely the kind of moment that the arts endowment hopes to create again and again with its new writing program, which seeks to address a seeming cultural paradox.
Still, even colleges dream of this kind of bequest, which dwarfs the endowments of that of Sarah Lawrence, for example, which the College Board lists at $66 million.
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