Endowment Account definition

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

  • 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).

  • NPS and Friends Group shall mutually determine the need for an Endowment Account and/or Investment Account, where the account will be established for the benefit of NPS.

  • 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”.

  • 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.

  • The NPS and the Partner(s) shall mutually determine the need for an Endowment Account and/or Investment Account, where the account will be established for the benefit of the NPS.

  • Refer to OA Article 3: Foundation Endowment Account for more regarding the Foundation Endowment Account.

  • This Xxxxx & Xxxx Xxxxxxxx Endowment Account has it's own checkbook and disbursements are made via check based upon Foundation Board direction.

  • Rather, only the cumulative earnings from the Foundation Endowment Account minus the Foundation Endowment Amount (herein referred to as “Foundation Endowment Account Earnings”) are available to fund the Charitable/Service Budget amount to be funded by the Foundation.

  • Upon Foundation Board approval, Foundation Endowment Account Earnings may be internally transferred to the Main Foundation Account for disbursement as Available Charitable Funds.


More Definitions of Endowment Account

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 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;
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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;
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Endowment Account means the account by that name created within the Conservation Trust Fund pursuant to Section 5423 of this Chapter.
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Endowment Account means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.
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Endowment Account means the individual permanently restricted account with the CSULA Foundation.
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Related to Endowment Account

  • Investment Account As defined in Section 3.12(a).

  • 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.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Direct Account : means any Account which is not an ISA Account.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Holding Account means an account:

  • Concentration Accounts has the meaning ascribed to it in Annex C.