Upgrade your account to a Community Supporter account and remove most of the site ads.

Reply to thread

Message: <blockquote data-quote="Wincenworks" data-source="post: 9032997" data-attributes="member: 7038835">Possibly, but I think he's just copy-pasting what he's seen on more legitimate museums.In those situations an endowment would mean the funds are being earmarked for the institution fund - thus by spending on it you are directly assisting the mission.  You can get sponsorship status by contributing x amount to their endowment - but if you're buying sandwiches and a cup of consume from the caterer, that's a non-contribution.  A popular way for rich people to get good press is to make a huge contribution to a museum's endowment.They also tend to distinguish between items donated to the museum, or purchased through the endowment fund (which is essentially a trust that exists for the museum to operate and can't be used for bonuses, auxiliary spending, etc).Again though, this is usually for non-profit museums that operate as actual museums with exhibits, experts, panels, presentations, etc.  It can also happen with private ones, but that tends to be ones where the whole point is a demonstration of philanthropy.  I have my sincere doubts that Dungeon Hobby Shop Museum has a trust fund, spending committee and audition policy for an endowment - particularly given the concerns raised that he doesn't even keep the business accounts separate.But it seems in this case Justin thinks that people are going to want the prestige of paying the overheads of his for profit business, so he can have higher profit margins on his sales of tickets and merchandise.</blockquote>

Verification