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! == Fiduciary management == {{See also|Uniform Prudent Management of Institutional Funds Act}} A financial endowment is typically overseen by a board of [[trustee]]s and managed by a trustee or team of professional managers. Typically, the financial operation of the endowment is designed to achieve the stated objectives of the endowment. In the United States, typically 4β6% of the endowment's assets are spent every year to fund operations or capital spending. Any excess earnings are typically reinvested to augment the endowment and to compensate for inflation and recessions in future years.<ref name="Newsweek">{{cite web|url=http://www.newsweek.com/id/54660|title=So nicely endowed!|date=31 July 2004|website=Newsweek |access-date=14 April 2018 }}</ref> This spending figure represents the proportion that historically could be spent without diminishing the principal amount of the endowment fund. 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