| Commentary

159 Augmentation of endowment

| Commentary

159 Augmentation of endowment

For endowed charities, which depend on their invested capital as a principal source of income, a gift in augmentation of the endowment is a valuable and lasting type of gift, and one that is extremely unlikely to fail ab initio however large or small it may be. It is possible to couple such a gift with a memorial to the testator or someone else whom he wishes to commemorate, and has the advantage that there is no need to set up administrative arrangements because these will already be in place1.

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