Parliamentary Endowment Trust

A Parliamentary Endowment Trust is a fund established to support specific public services or charitable causes through the income it generates. It receives an initial endowment—funds or assets—and invests them to produce income over time. The trust's income is then allocated annually to designated beneficiaries, such as government departments or community organizations, to ensure ongoing support without depleting the principal amount. This structure helps secure long-term funding for important public initiatives, combining prudent financial management with social or governmental objectives.