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An initial endowment refers to the assets or resources that an individual, organization, or institution has at the outset, which can be used to generate income or support activities. In the context of non-profits or educational institutions, it typically means a fund invested to provide ongoing financial support. The income generated from the endowment can be used for various purposes, such as scholarships, research, or operational costs. Overall, it serves as a foundational financial resource that aids sustainability and growth.

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1mo ago

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