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 Financial Hardship Requirement for Early Superannuation Release?

    I was turned down recently for early release of superannuation based on financial hardship. Apparently, I don't meet the Australian citizenship requirement to continue receiving a Newstart allowance for longer than six months partly because I'm a kiwi who arrived in 2002. Before that, my...
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    TAS Should Ex Pay Half the House Value as Property Settlement?

    My ex-husband and I have mutually agreed on a 50/50 split of assets in property settlement. We have divided everything already except the house which is for sale and he is living in it. We have consent orders filed with the court already. I am suffering financial hardship. If I file for...
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    NSW Can I Request for Financial Hardship After Husband's Death?

    My husband committed suicide and left me a partnership debt (husband and wife partnership). I suspect maladministration in the Security Deed Agreement. Lawn Mower $24600 - 100% business debt use. Capital Finance lender. a. Do I have legal right to request Financial Hardship provisions as this...
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    VIC How to Get Refund from Carpet Call?

    My parents ordered planks from Carpet Call in November 2011 and have given a fair sum money in deposit - 40% (they refused to take 10%). We have been planning and saving for a long time. After some time suddenly we didn't have that money to pay for the rest of the planks due to some family...
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    WA Financial Hardship - Does Ex Have a Claim on Me?

    Hi I once had a girlfriend. We were never legally together and kept separate addresses. We split up in 2011. She has found out by a mutual friend that I have gotten my life together. She has messaged me claiming she is in financial hardship, as she has not been lodging her tax returns since...
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    NSW Property Settlement and De Facto - What to Do?

    Hi. I have applied for a property settlement against my ex de facto, and it's out of time so it's the application for leave process. For 7 years, I have been the sole carer for my two kids and we have struggled to the point of having to move almost 1000km away from our home to help...
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    NT Car Finance and Financial Hardship - What Can I Do?

    I am 4 months behind on my car finance due to financial struggles even after a 6-month financial hardship arrangement. As of 3 weeks ago, I am back in stable employment and can now afford to resume my monthly payments, and to make additional repayments to cover the arrears over a few months...
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    VIC Child Support Assessment Act - Pay Based on Cost of Living Index?

    I have a question in relation to the Child Support Assessment Act. Is there a provision available in the ACT whereby the payer could pay based on the "Cost of Living Index"? This could be on the basis of financial hardship or other relevant reasons. With your suggestions, please quote the...
  9. M

    QLD Executor of Will Not Communicating with Beneficiaries?

    Hi, My sister is the executor of will to my mother's deceased estate. My 3 siblings and I, including the executor of will, are beneficiaries in the estate. The Will states the deceased estate is to be shared equally between all 4 beneficiaries. There is a family home involved. The executor of...
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    QLD Financial Hardship - Action Against Bank for Car Loan?

    Hi, I'm looking for general help on whether or not I can take my bank to court over them giving me a car loan I could not afford to pay back. Back in 2013, I just turned 18 and walked into a dealership with my income of $200-400 a week. It differed from week to week because I was on casual...