Financial endowment Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ==Restrictions and donor intent== Endowment revenue can be restricted by donors to serve many purposes. Endowed professorships or scholarships restricted to a particular subject are common; in some places, a donor could fund a trust exclusively for the support of a pet.<ref name="MyUser_Forbes_March_5_2015c">{{cite web |url=https://www.forbes.com/2010/01/13/pet-trusts-will-helmsley-personal-finance-protect-your-pet.html |title=Caring For Fido After You're Gone |newspaper=Forbes |date=January 13, 2010 |author=Ashlea Ebelling |access-date=March 5, 2015 |url-status=live |archive-url=https://web.archive.org/web/20150402145722/http://www.forbes.com/2010/01/13/pet-trusts-will-helmsley-personal-finance-protect-your-pet.html |archive-date=April 2, 2015 }}</ref><ref name="MyUser_The_Wall_Street_Journal_March_5_2015c">{{cite web |url=https://blogs.wsj.com/indiarealtime/2015/02/19/monkey-to-inherit-house-garden-trust-fund/ |title=Monkey to Inherit House, Garden, Trust Fund – India Real Time |newspaper=The Wall Street Journal |date=February 19, 2015 |author=Dhanya Ann Thoppil |access-date=March 5, 2015 |url-status=live |archive-url=https://web.archive.org/web/20150222124527/http://blogs.wsj.com/indiarealtime/2015/02/19/monkey-to-inherit-house-garden-trust-fund/ |archive-date=February 22, 2015 }}</ref> Ignoring the restriction is called "[[Endowment invasion|invading]]" the endowment.<ref name="MyUser_Thenonprofittimes.com_March_5_2015c">{{cite web |url=http://www.thenonprofittimes.com/news-articles/bankrupt-but-endowed/ |title=Bankrupt But Endowed – The NonProfit TimesThe NonProfit Times |newspaper=Thenonprofittimes.com |date=June 12, 2012 |author=Patrick Sullivan |access-date=March 5, 2015 |url-status=live |archive-url=https://web.archive.org/web/20150402161542/http://www.thenonprofittimes.com/news-articles/bankrupt-but-endowed/ |archive-date=April 2, 2015 }}</ref> But change of circumstance or financial duress like bankruptcy can preclude carrying out the donor's intent. A court can alter the use of restricted endowment under a doctrine called [[Cy-près doctrine|cy-près]] meaning to find an alternative "as near as possible" to the donor's intent.<ref name="MyUser_Thenonprofittimes.com_March_5_2015c"/> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page