endowed with funds, for their partial or entire support
Private schools may be founded also by one or more persons, and by them
endowed with funds, for their partial or entire support. In such cases,
the founder, through the money given, has the right to prescribe the
rules by which the school shall be controlled, and also to provide for
the appointment of its managers or trustees through all time. In such
cases, corporate powers are usually granted by the government for the
management of the business. But the chief rights of such an institution
are derived from the founder, and the facilities for their easy exercise
and quiet enjoyment are derived from the state.