Chapter 58

“What would we have to do to set up an endowment?” Mr. Anderson said.

“I’ll set up an appointment with the school administrator who handles that sort of thing,” Charles said. “I’ll also draw up an agreement that ensures that the fund will always be used for the purposes intended.”

“Why do you need to do that?” I said.

“Because I won’t be around forever, nor will the current administration of the school, nor, for that matter, will Mr. and Mrs. Anderson. We want to be very certain that decades from now, some future administrator at the school won’t be able to decide that he or she has a better use for the funds.”

“Does that sort of thing happen very often?” Mr. Anderson said.