Endowment Account definition

Endowment Account means an account in Dollars in the name of the Statutory Trust maintained at The Bank of New York Mellon under the Custody Agreement, or such other account as from time to time may be designated by BIC with Belize's prior written consent.

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Endowment Account means a financial account established to produce an income stream through investment vehicles such as stocks and bonds. The base amount in the endowment (the corpus) is generally not expended, and a portion of annual earnings generally remains in the endowment account allowing it to grow at a pace that is equal to inflation. The remainder of earnings will be expended for the benefit of NPS.

Endowment Account means the investment management account to be opened and maintained with a banking institution duly licensed to conduct banking business in an OECD member country and in accordance with applicable laws and regulations, in the name of GLF and funded by any proceeds received by GLF pursuant to the Conservation Funding Agreement.

Examples of Endowment Account in a sentence

The National Health and Medical Research Council Act 1992 (the Act) provides for the establishment of the Medical Research Endowment Account (the Account).
To the extent that donations (or other funding) come to the Foundation from the public without Restrictions, represent earnings on investments which are likewise without Restrictions (including without limitation Foundation Endowment Account Earnings), or they are funds over which the donor expressly requested that the Foundation determine their charitable use or distribution, such donations and earnings thereon shall be considered “Unrestricted Funds”.
The initial target minimum was set at Twenty-Five Thousand Dollars ($25,000); the ending balance of the Foundation Endowment Account on December 31, 2016 was Thirty-Six Thousand Four Hundred One Dollars and Forty Six Cents ($36,401.46).
Pursuant to such Club objectives (particularly the Club’s objective to ensure continued sustainability of the Club’s charitable/service operations), one ongoing shared objective of the Foundation and the Club shall be to annually increase the Foundation Endowment Account.
Upon Foundation Board approval, Foundation Endowment Account Earnings may be internally transferred to the Main Foundation Account for disbursement as Available Charitable Funds.
In this event, Endowment Account funds shall be transferred in accordance with the disposition provisions of Article VII.B of the Friends Group Agreement.
It is agreed and understood that the Foundation Endowment Account shall not be utilized other than as described above to (i) transfer Foundation Endowment Account Earnings, (ii) fund Foundation Endowment Account Shortfalls, or (iii) to increase the Minimum Foundation Endowment Account as contemplated in Section OA-3.1. Foundation Endowment Account.
The term “Foundation Endowment Account Transfer Deadline” shall have the meaning ascribed to such term in Section OA-3.2(b).
Nothing herein is intended to require depletion of the corpus of an Endowment Account.
Investment Account funds and Endowment Account funds will be allocated for use in accordance with the terms of the Annual Work Plan process identified in Article IV of the Friends Group Agreement.

More Definitions of Endowment Account

Endowment Account means the individual permanently restricted account with the Cal State LA Foundation Endowment Fund.

Endowment Account the bank account [details] into which a proportion of the Guideline Tariffs are to be paid by the Administrative Body in accordance with Clause 5 and any other account into which those monies are paid or any investment purchased with those monies;

Endowment Account means the individual permanently restricted account with the CSULA Foundation.

Endowment Account means the Administrative Body’s L790A internal cost centre against which a proportion of the Guideline Tariffs are to be paid by the Administrative Body in accordance with Clause 5 and any other account into which those monies are paid or any investment purchased with those monies; “Financial Plan and Budget” the financial plan and budget for each year of the Project approved by the JSPB “Financial Reporting Requirements” the requirements set out at Schedule 2;

Endowment Account means the account by that name created within the Conservation Trust Fund pursuant to Section 5423 of this Chapter.

Endowment Account means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.