financial hardship

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A financial endowment is a legal structure for managing, and in many cases indefinitely perpetuating, a pool of financial, real estate, or other investments for a specific purpose according to the will of its founders and donors. Endowments are often structured so that the principal value is kept intact, while the investment income or a small part of the principal is available for use each year.

Endowments are often governed and managed either as a nonprofit corporation; a charitable foundation; or a private foundation that, while serving a good cause, might not qualify as a public charity. In some jurisdictions, it is common for endowed funds to be established as a trust independent of the organizations or causes the endowment is meant to serve. Institutions that commonly manage endowments include academic institutions (e.g., colleges, universities, and private schools); cultural institutions (e.g., museums, libraries, and theaters); service organizations (e.g., hospitals, retirement homes; the Red Cross, the SPCA); and religious organizations (e.g., churches, synagogues, mosques).
Private endowments are some of the wealthiest entities in the world, notably private higher education endowments. Harvard University's endowment (valued at $40.9 billion as of 2019) is the largest academic endowment in the world. The Bill and Melinda Gates Foundation is one of the wealthiest private foundations as of 2019 with endowment of $46.8 billion as of December 31, 2018.

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    VIC Tenant dishonestly claiming financial hardship due to COVID

    I have tenants who I believe are dishonestly claiming financial hardship due to COVID. They have demanded a 50% reduction in rent and as yet have provided no evidence for their claim. I know they have in fact moved out of my property and taken up a second lease for a property in the same suburb...
  2. T

    VIC Property Settlement Time Limit - Is It Too Late?

    Hi, My current partner separated from his wife in 2009 & divorced in 2013. They have 4 children together, 3 of them mostly living with us while she sorted herself out. We were financially alone in all that but have always circuses to the ex’s demands to try and help the children have a...
  3. A

    VIC Help with Credit Corp Queries?

    I have 2 debts with Credit Corp from Comm Bank, both personal loans. These debts are from around 2006 when I was 19-20 years old and I have been paying them pretty consistently. The first debt was for $5237 and I have paid $7560.00 and still owe $2888.00. Today I asked for my loan contract and...
  4. Nathan’s Mum

    WA Financial hardship due to child support payments

    Hi, My partner and I both have children from a previous marriage. I have a 9-year old who lives with us. My partner has a 20-year old, who lives on his own, and a 17 and 14 year old. The two youngest ones live with their mother. I receive child support from my ex for our son. My partner and his...
  5. P

    QLD Credit Corp Chasing a Debt - What are Our Rights?

    Hi there, Credit corp have been chasing a debt from my mum and harassing her. She definitely had a credit card with GE Money but had thought it was closed down. They are now ringing her about a $2300 debt. Is it possible her account has just accrued fees and charges over that time and because...
  6. J

    VIC Financial Hardship - Letter of Demand for Excess Costs?

    I was involved in a car accident where the other person claims I was at fault. I have received a letter of demand from their lawyer to pay costs in excess of $10,000. I am currently on Centrelink benefits as income only and have no significant assets (ie. Car, house, etc). What should my...
  7. T

    NSW How to Get Money Back from SDRO?

    The SDRO just garnished all of the money in my account. However, almost all of $551 they took was actually bond money that was due to be paid to someone else. It was in my savings bank account, waiting to be paid to an outgoing subtenant. Evidence: - The amount in the savings account was the...
  8. K

    NSW Ex took my son, I have a chronic health issue & cannot work, am I entitled to spousal support?

    My husband took up a job overseas in 2015, in early 2016 I became very ill, we came back in Australia for my testing and treatment. Testing revealed I have a rare and chronic debilitating condition. I can only get the treatment I need here in Australia, because it is not available in SE Asia...
  9. M

    QLD Salary Change - Breach of Contract?

    I work at a company where I had an employment contract for full time employment at 80k PA plus superannuation. The director came to me and stated that due to financial hardship, the rate would be reduced to 60k for a while until things got better. I agreed to this verbally to do my part. It has...
  10. J

    QLD How to Access Superannuation While in Prison?

    Hi there, I was wondering what the process was for accesing superannuation while in prison. I understand the process for early access of super under normal circumstances eg financial hardship requires 26 weeks on centrelink allowance. However I cannot find anything on the requirements and...