Endowed Schools Act 1869
Encyclopedia
The Endowed Schools Act 1869 was introduced in Britain during William Ewart Gladstone
’s first ministry.
An Endowed Schools Commission was created to draw up new schemes of distribution for schools which received funding from the government; previous endowments
had been seen as poorly distributed and badly spent, so the Commission was put in place to ensure that schools had enough money were spending it in appropriate ways.
William Ewart Gladstone
William Ewart Gladstone FRS FSS was a British Liberal statesman. In a career lasting over sixty years, he served as Prime Minister four separate times , more than any other person. Gladstone was also Britain's oldest Prime Minister, 84 years old when he resigned for the last time...
’s first ministry.
An Endowed Schools Commission was created to draw up new schemes of distribution for schools which received funding from the government; previous endowments
Financial endowment
A financial endowment is a transfer of money or property donated to an institution. The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation, or trust....
had been seen as poorly distributed and badly spent, so the Commission was put in place to ensure that schools had enough money were spending it in appropriate ways.