Question

Which of the following is correct regarding endowment?

• A. Endowments are given to non-profit organizations with the intention that they be used to advance the mission of the organization for the long term.
• B. Endowments of large institutions, sometimes become significant players in the financial world due to the significant amount of money that the endowment is investing.
• C. Both are correct
• D. None of the above

Answer 1

The correct option is C Both are correct

$A$ and $B$ both are correct statements regarding endowment which are:

Endowments are given to non-profit organizations with the intention that they be used to advance the mission of the organization for the long term.

Endowments of large institutions, sometimes become significant players in the financial world due to the significant amount of money that the endowment is investing.