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Melinda Gates to receive $12.5 billion in divorce settlement, leaves Bill and Melinda Gates Foundation to focus on philanthropy.
Purdue University Northwest welcomes 3 new Alumni Hall of Fame inductees, highlighting their leadership, community impact, and regional influence.
Every April 15, MLB celebrates Jackie Robinson Day with every player wearing the number 42 as the league celebrates the ongoing legacy of Robinson breaking baseball's color barrier. But last week, vandals stole and destroyed a statue of Robinson in Kansas, leading to the community rallying together to restore it. A GoFundMe has been set up by League 42 Foundation to replace the statue, and as of Wednesday morning has raised over $134,000, nearing its $150,000 goal. Dodger fans, baseball fans really, will continue to outlast these vandals because all they offer is wanton destruction. Robinson's legacy cannot be torn down through a shotgun blast or a torn down and burned statute. All these vandals are accomplishing is strengthening the resolve of those who would honor and revere Robinson's legacy.
Stanford University President, Marc Tessier-Lavigne, has resigned following allegations of research misconduct. The allegations, first reported by a student newspaper, questioned the integrity of Tessier-Lavigne's research and his failure to address errors. While a report released by the university's board of trustees confirmed some of the allegations, it did not agree with the newspaper's claims of potential research fraud. Tessier-Lavigne, who had a successful career as a neuroscientist and fundraiser, joined Stanford in 2016 and helped raise billions of dollars for the university. Richard Saller, a Stanford classics professor, will serve as interim president.
Understanding Financial Endowment in Our World Today
"Hey friend, ever heard about the buzzword 'Financial Endowment'? If not, stick around! Let's unravel this intriguing monetary topic together. Is it somehow related to finance? Or a different sort of endowment we usually hear about? It might surprise you."
At its core, financial endowment is nothing more than an effusion of generosity – think "giving that keeps on giving". Given mostly by individuals or entities to non-profit institutions like universities or hospitals, these funds are designed to keep going indefinitely. Intriguing, isn't it?
You see, when you envision a typical donation for say, a university; What do you imagine? Perhaps funding for research projects or scholarships - which after being utilized once - transition into memories. However, with financial endowments things get spicy!
Picture it like creating an unending army from just one initial investment. The principle amount (referred as corpus) remains untouched while only income generated through investments serve towards institutional expenses.
Surely running such large-scale establishments demand sedulous budgeting and fund-raising mechanisms right? Well here’s where our superhero ‘financial-endowment’ fits in ensuring steady streams of revenue. Much alike your trusty umbrella saving the day during unexpected rainfalls, don’t you agree?
In recent times however,'Now that's what I call Evolution!', this concept has seen progressive transformation reaching beyond educational charity work even appealing social cause enthusiasts and venture philanthropists.
Summing up therefore,
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