educational endowment definition
educational endowment means an endowment which, or the income of which, may be applied for the purposes of education;
educational endowment means any endowment which has been applied or is applicable in whole or in part, whether by the declared intention of the founder, or by the consent of the governing body, or in pursuance of any scheme approved under any Act or of any Provisional Order or by custom or otherwise, to educational purposes;