An endowment, or purpose capital, is a fund whose corpus is preserved while its income works in perpetuity for a chosen cause: a chair, a museum, a programme. Only the income is spent, the principal stays untouched, and so the cause is funded not for years but for generations, including those who come after you. The House builds the fund itself, its spending policy and its governance so that the corpus holds across the turning of generations.
The House builds a purpose-capital fund in which the principal is preserved and only the income goes to the chosen cause. So the chosen endeavour — a chair, a museum, a programme — is funded in perpetuity and outlives the donor. The House builds the fund itself, its spending policy and its governance so that the corpus stays untouched across generations.
What you get: an established purpose-capital fund with the cause fixed · a spending policy (what is corpus, what is income, how much goes to the cause) · governance and reporting set under the mandate of the House · a binding to the family structure
The chosen cause gains a footing in perpetuity: the corpus holds untouched, and its income goes year after year to the chair, the museum or the programme. Support ceases to depend on one-off gifts and on your personal involvement. And once you are no longer here, the endeavour goes on being funded — out of the capital you kept untouched for precisely that.
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