Endowment Fund (eng. Endowment - contribution) is a trust fund designed to provide stable funding for the activities of non-profit organizations such as the Nazarbayev Intellectual Schools and the Alumni Nazarbayev Intellectual Schools Association. Capital is formed through voluntary donations from interested parties. The funds raised are invested (for example, securities, real estate are purchased or put into a deposit account). Only the interest received from investing is spent on the needs of the organization. Endowment funds have existed for a long time and are widely known in the world, the largest funds are the Nobel Fund and the Harvard Fund. The advantage of such a Fund is the fact that deposits are not spent immediately, but are directed to obtain a stable income for the organization.
The Endowment Fund is necessary in order to ensure the stability of the Nazarbayev Intellectual Schools system and the Alumni Nazarbayev Intellectual Schools Association for many years. For example, the fund allows to finance student grants, their research and annual graduate events held on behalf of the Association. Anyone interested in the development of Nazarbayev Intellectual Schools and their graduates can become a participant in the Fund.
