Stift As An Endowment
"Das Stift " (literally, the 'donation'), denotes in its original meaning the donated or else acquired fund of landed estates whose revenues are taken to maintain a college and the pertaining church (Stiftskirche, i.e. collegiate church) and its collegiate or capitular canons (Stiftsherr) or canonesses (Stiftsfrau). Many Stifter as endowments have been securalised in Protestant countries in the course of the Reformation, or later in revolutionary France and the areas later annexed to or influenced by Napoleonic France.
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Famous quotes containing the word endowment:
“The parent must not give in to his desire to try to create the child he would like to have, but rather help the child to develop—in his own good time—to the fullest, into what he wishes to be and can be, in line with his natural endowment and as the consequence of his unique life in history.”
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