Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.
Endowment fund means the endowment fund established under Section
Examples of Endowment fund in a sentence
Endowment fund donors will receive annual statements describing the status of the fund created, any disbursements made from the fund and any administrative fees charged to the fund.
More Definitions of Endowment fund
Endowment fund means an institutional fund, or any part thereof, not wholly expendable by the institution on a current basis under the terms of the applicable gift instrument.
Endowment fund means the endowment fund established under Section 53B-8a-107, which is held as a separate fund within the Utah Educational Savings Plan.
Endowment fund means an institutional fund, or any part of an institutional fund, not wholly expendable by the institution on a current basis under the terms of a gift instrument.
Endowment fund means the Michigan civilian conservation corps endowment fund created in section 12a.
Endowment fund means the Michigan state parks endowment fund established in section 35a of article IX of the state constitution of 1963 and provided for in section 74119.
Endowment fund means a fund where the principal is not normally used and only the investment income, or a portion thereof, is used.
Endowment fund means an institutional fund or part thereof