ENDOWED FUNDS. Endowed funds are also referred to as “permanent” funds. Distributions from endowed funds are limited to our current spending rate and subject to our spending policy. Historically, this has been between 4-5%. View our current spending policy at: xxx.xxxx.xxx/xxxxx/xxxxxxxxx-xxxxxxxxxxx.
Appears in 5 contracts
Samples: Fund Agreement, Fund Agreement, www.gtcf.org
