University Endowment Funds in the United States and the Application in Vietnam

Abstract

Endowment funds or charitable gifts first appeared back in the period of Roman Empire, yet have become a real success only since universities in the United States established and developed them with a progressive management mindset. Endowment funds assure income stability and leverage new sources of revenue. The present research sheds light on the two popular models of university endowment funds in the United States taking into account the advantages and disadvantages of university endowment establishment in Vietnam. Also, suggestions for the application in Vietnam are provided.