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A trust is a legal arrangement where one party (the trustee) holds and manages assets for the benefit of another party (the beneficiary), often used for estate planning or asset protection. An endowment, on the other hand, is a specific type of fund, typically established by a nonprofit organization, where the principal amount is invested to generate income that supports the organization’s mission over time. While both involve the management of assets for a purpose, trusts can serve various personal or financial objectives, whereas endowments are primarily focused on providing long-term financial support to institutions or causes.

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2mo ago

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