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LSDefine

Simple English definitions for legal terms

endowment

Read a random definition: allege

A quick definition of endowment:

Endowment: Money or property given to an organization for a specific purpose. It's like a big piggy bank that grows over time because the organization invests it. The organization can use some of the money it earns from the piggy bank, but it can't spend all of it. Endowments are often used by big organizations like universities and hospitals, but any charity can use them to help manage their money.

A more thorough explanation:

Endowment refers to money or property that is given to an organization for a specific purpose. It is usually invested in stocks, bonds, or other investment vehicles to grow over time. The invested amount is called the principal or corpus, and the income earned from it is used for the benefit of the organization.

  • A university receives an endowment of $10 million from a donor to fund scholarships for students from low-income families. The university invests the money in stocks and bonds, and the income earned from it is used to provide scholarships to eligible students.
  • A hospital receives an endowment of $5 million from a philanthropist to fund research on a particular disease. The hospital invests the money in mutual funds, and the income earned from it is used to support the research.

These examples illustrate how endowments work. The donated money is invested to generate income, which is then used for the intended purpose. The principal amount is not spent, but is instead preserved and grown over time to ensure the long-term sustainability of the organization's mission.

endorsement (indorsement) | endowment insurance

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I don't really know where I want to end up practicing yet, but I've enjoyed living in the midwest so far. I think I might ultimately like to end up as in-house corporate for the work life balance.
ParallelAgreeableOrangutan
11:53
I lived in Bloomington for a long time, can't speak to the law school but can answer Qs about the city if you'd like
@ParallelAgreeableOrangutan: How do you think it is to live in as a 20-something going to grad school? The comparison is Iowa city, so not an extremely high bar for liveliness. (No offense intended towards IC. I think it's a lovely place)
NosyBeagle
11:56
@NemoPropheta: taking it in august. feels like ill never be ready but f it we ball
I think the secret to happiness is fuck it we ball
is one ever truly ready for something? probably not. but fuck it we ball!
12:20
I went ahead and registered for August as well since it was free
12:20
Getting 2 180s back to back is better than one right
ronniedoeslaw
12:26
In all of your research, what minimum LSAT score do you believe gets you into UIC law?
12:27
I remember the last guy on here who was convinced he was gonna get a 180 bc he scored in that range on PTs
12:28
🤐
12:29
ugh someone come rub my bellly
12:33
@esoterica: he wasnt on that grindset mentality. im him
12:34
Im gonna drink so much saratoga water on test day
ParallelAgreeableOrangutan
12:43
@LawOfAchilles: (hiii sorry so slow, am at work) Bloomington is lovely, I loved it as an undergrad and as a 20something non-student.
ParallelAgreeableOrangutan
12:45
If you're outdoorsy, it's nice--obv no coasts or mountains, but two small lakes really close, lots of places you can go on a lowkey hike or camp without paying park fees or anything really
ParallelAgreeableOrangutan
12:47
super bikable, decent food to be had, things to do but not so much that you'll be distracted and never study lol. idk I'm a fan haha, I miss it
lmao I just got the LSAC notif that I'm under review at IU Maurer
ParallelAgreeableOrangutan
13:11
May you have better luck than I did :)
YAYYY JUPITER
@LawOfAchilles: if you like the outdoors, you're gonna love bloomington.
both uiowa and iu have a good reputation, especially with midwestern law firms. their alumni resources are pretty top notch too.
14:11
Hey guys, are any T14 schools doing tours during the summer?
NosyBeagle
14:24
@NemoPropheta: the lsat was free for you? lucky
14:26
who else piss on the floor during their lsat
sloth i gotta know about caesar beans
14:35
@NosyBeagle: yeah you just have to be poor and then they let you take it for free twice
NosyBeagle
14:54
ah ok it's a fee waiver. i think ill do that
NosyBeagle
14:54
the test got more expensive since the last time i took it
NosyBeagle
14:54
smh
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