Sentence examples for restricted endowment from inspiring English sources

But when money is, say, for the study of Sumerian civilization, there is no legal reason not to finance it, even if the restricted endowment has grown to $30 million and there are only four students.

The museum lost more than $30 million from its investment portfolio over several years, ending up with only $5 million on hand in 2008; it also broke state law when it paid general expenses from restricted endowment funds, according to the newspaper, which obtained a two-page letter sent to the museum by the attorney general's office in November.

ACTC received a $150,000 gift from Ashland Inc. in December 2003 that created a permanently restricted endowment fund, the proceeds of which were distributed to ACTC and other KCTCS colleges to support math and science initiatives with a specific focus on high school and middle school students.

"None of the proceeds from the Watkins sale will go for the operating budget or into the general fund; they will go into a restricted endowment fund".

Mr. Spisto and the chairman, Mr. James, maintain that Ballet Theater's finances remain healthy and that it still has a restricted endowment of $4.3 million, which can only be tapped for its investment income.

"A Ransacked Endowment at City Opera," by James B. Stewart (Common Sense column, Oct. 12), reported, based on my statement, that "no one at City Opera or in the attorney general's office contacted" the Wallace Foundation about plans to seek permission to draw sums from a restricted endowment, donated by Lila Wallace, to cover an operating deficit.

As a result, the institution was forced to spend £3.2m from restricted and endowment funds.

(With a hundred-and-twenty-million-dollar endowment, the orchestra is not bankrupt in the mom-and-pop sense, although the endowment is restricted).

This request which "did kind of drop out of the sky", says Ms Mora failed to take into account that the university's endowment is restricted by donors.

Under Helms's sponsorship, Congress passed an amendment in 1989 to restrict all National Endowment for the Arts funding of any art deemed "homoerotic" or "religiously offensive".

"First, the endowment is largely restricted to the purposes designated by donors," he said in a statement.