Endowment funds definition

Endowment funds means gifts, devises, or bequests of property of any kind donated to a higher education institution from any source.
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Endowment funds means funds:
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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;
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Examples of Endowment funds in a sentence

  • Endowment funds may not be used as collateral or otherwise subjected to lien.

  • Endowment funds are subject to the Foundation’s Spending Policy, which may be amended at the sole discretion of the GMCF Executive Board of Trustees.

  • Endowment funds require the Foundation retain all or some defined portion of the original gift (principal) in perpetuity or for a specified period.

  • The Foundation Board of Directors shall have full and complete oversight of the Endowment funds, distributions and uses.

  • If the Donors have designated a specific purpose or program for the Endowment, this Endowment shall be held as restricted funds and shall be held in a separate account; otherwise, the Endowment funds may be merged or commingled with other funds held by the FOUNDATION for investment purposes in accordance with the policies of the Board.


More Definitions of Endowment funds

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.
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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.
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Endowment funds means funds treated as endowment funds under the coordinating board's accountability system.
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Endowment funds. These consist of assets held by the Foundation within its
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Endowment funds. . The word "endow" means "to provide with income or a
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Endowment funds means: (i) all donor-restricted assets reflected on the Member’s financial statements as restricted and (ii) all unrestricted donations received in connection with a fundraising effort of a System Member as described in Section 5.5.6
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Endowment funds means an endowment capital fund where the donated capital is held in perpetuity by the University and is used to generate annual income for the intended purpose of the endowment. Endowment Funds are generally funded by external donations, and the terms of the endowment are documented in a written gift agreement between the University and the donors. In addition to external donations, Endowment Funds may be funded by other sources, such as internally endowed assets designated by the University’s Board of Governors.
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