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Warehouses of Wealth: Payout and Perpetuity

  • Diana Leat
Chapter
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Abstract

As noted above, endowed foundations generally fund their work using income from investments. This means that of necessity they must ‘store’ a pot of money to generate income year by year. In addition, many foundations are required (by the original deed) or aim to exist forever, thus further underlining the need to conserve their wealth.

Keywords

Require Rate Public Benefit Intergenerational Equity Investment Income Administrative Expense 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Editor(s) (if applicable) and The Author(s) 2016

Authors and Affiliations

  • Diana Leat
    • 1
  1. 1.Cass Business SchoolLondonUK

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