TYPE OF ENDOWMENT
Permanent Endowment: With Permanent Endowment, the Donor specifies that the principal amount is to be invested and maintained in perpetuity; it cannot be spent. Only the income/interests derived from the investment may be utilized.
Quasi Endowment: With Quasi Endowment, the University must retain the purpose and intent of the fund as specified by the Donor or source of the original funds and only income/interests may be spent for those specified purposes. The principal may be expended if stipulated by or in consultation with the Donor.
Term Endowment: With Term Endowment, all or part of the principal amount given by the Donor may be expended after the expiration of a stated period of time or occurrence of a specified event, depending on the Donor’s wishes.