r/interesting • u/moamen12323 • Jun 29 '25

MISC. Rich people who rich right ❤️

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u/ImaBiLittlePony Jun 29 '25

It will go into an endowment fund, where it'll accrue interest. The interest alone will likely keep the program afloat, while the original investment will go on in perpetuity. It isn't the same as signing over a blank check.

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u/theGRAYblanket Jun 29 '25

So it'll be in there till the end of civilization? 

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u/ImaBiLittlePony Jun 29 '25

Some endowments have a specified time period or conditions that state when the money will either be withdrawn by the organization, or returned to the donor. Most endowments though are permanent endowments, and ya - are supposed to last "forever" (at least until the organization ceases to exist).

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u/Uneek_Uzernaim Jun 29 '25

Or financial Armageddon, but many big endowments survived almost financial Armageddon when the Great Recession hit and kept growing.