Nonprofits dream of substantial endowments to allay rising operating costs and for greater flexibility to pursue new programs and ideas. Nonprofits such as prestigious universities, have often achieved this goal. Endowments generally involve donations to nonprofits whereby the corpus or principal of the gift are to remain intact and the “earnings” on the corpus can be used to fund programs.
In practice, arrangements can be diverse based on the donor’s specific wishes regarding the endowment. For example, a donor could stipulate the principal of the endowment be spent over a certain time or conversely that the “corpus” of the gift …read more
Read more here:: Nonprofit
Much has been written about GWACs over the past few years, both collectively and as individual contracts. In the fall of 2016, Bloomberg Government (BGov) released a study stating GWACs hit a record $10 billion in 2016.
I agree it was a record year, but my tally shows about $15 billion. I got my data from the GSA GWAC dashboard, a call to the SEWP office and from having worked with NITAAC most of FY 2016. GSAs combined GWACs are nearly $6.2 billion, NITAACs 3 GWACs almost $5 billion, and SEWP came in …read more
Read more here:: Government Contracting