Endowment

{
  "id": "MLC-T-LAW-001865",
  "term": "Endowment",
  "field": "Law",
  "definition": "A fund of money or other assets donated to an institution, such as a university, hospital, or charity, with the principal sum invested to generate income. The income from the investment is then used to support the institution's ongoing operations, programs, or specific purposes designated by the donor. This financial arrangement provides a stable and long-term source of funding, often in perpetuity, for the beneficiary organization.",
  "url": "https://mlchart.com/terminology/law/endowment/"
}