Endowment funds means gifts, devises, or bequests of property of any kind donated to a higher education institution from any source.
Endowment funds means funds:
Endowment funds means funds in which a donor has stipulated, as a condition of his or her gift, that the principal amount of the fund is to be maintained inviolate and in perpetuity, and that only income from investments of the fund may be expended;
Examples of Endowment funds in a sentence
Endowment funds are further sub-divided into permanent and expendable.Unrestricted funds can be used in furtherance of the objects of the College at the discretion of the Governing Body.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
Endowment funds are further sub-divided into permanent and expendable.
Endowment funds should not be eliminated through just a Council / Board Resolution.
Endowment funds created for charitable or educational purposes may be invested as provided by law governing the investment of funds held in trust by trustees.
More Definitions of Endowment funds
Endowment funds means funds that are invested and have been permanently restricted by the donor to be used in perpetuity, with annual distributions to be used as prescribed by the donor.
Endowment funds means funds treated as endowment funds under the coordinating board's accountability system.
Endowment funds. These consist of assets held by the Foundation within its Impact-Directed Environmental Accounts program that serve, under the permit or approval issued by the Agency, as a source of long-term funding to pay for management of specified mitigation or conservation lands. The funds are intended to be managed for investment purposes with a growth and income focus and are hereafter referred to as Endowment Funds or, collectively, the “Endowment.”
Endowment funds means those funds donated to the respective individual state‑supported institutions of higher learning of the State of South Carolina, which are held and invested by the State Treasurer on behalf of the institutions. The endowment of each institution is separate and cannot be commingled, except under those circumstances where it can be invested in liquid assets as approved by the appropriate trustees.
Endowment funds. . The word "endow" means "to provide with income or a source
Endowment funds means monetary gifts granted to the Debtor pursuant to giftagreements which, by their terms, provide that the gifts are not wholly expendable by the Debtorand may only be used for the purposes specified in the applicable gift agreement. The Debtor presently holds Endowment Funds of approximately $3 million. Code.
Endowment funds means the amount identified as an endowment on the Institution's most recent audited financial statements.