Endowed Fund definition

Endowed Fund means a fund that, under the terms of the fund agreement or other gift instrument (such as a will or a trust), is not wholly expendable by BCF on a current basis.
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Endowed Fund means a principal or capital sum and subsequent capital contributions, set aside permanently and invested by the University with only the income (all or a portion thereof) useddisbursed to support specificspecific programs or projects, often based on Donordonor direction. in accordance with the Endowment Fund Agreement or terms of reference for the Endowed Fund.
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Endowed Fund means a Foundation fund or any part thereof not wholly expendable by the
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Examples of Endowed Fund in a sentence

  • Glancy Endowed Fund in excess of $7,000 per year to support television and radio programming needs.

  • In the case of an Endowed Fund established by the beneficiary agency, by vote of its Board of Directors and approval by the Foundation’s Board of Directors.

  • In the case of an Endowed Fund established by a donor, by direction of the donor and approval by the Foundation’s Board of Directors or by the sole determination of the Foundation’s Board of Directors.

  • The Library signed an “Agency Endowed Fund Agreement” for $170,000 and an “Agency Permanent Endowed Fund Agreement” for $10,000 with the Foundation.

  • Nonprofits establishing an Endowed Fund may choose how the Fund will be invested initially, and the Primary Fund Representative may change the investment recommendation on an annual basis in December.

  • THE UPDATED GRANT AND LOAN GUIDE FOR LOCAL GOVERNMENTS IN WEST ALABAMA IS AVAILABLE ONLINE NOW! 85Healthcare 85Alabama Additional Funding Sources 86Community Foundations in Alabama 86Daniel Foundation 86Alabama Power Foundation 86Alabama Humanities Foundation 86Gwyn Turner Endowed Fund 86Sybil H.

  • The Endowment would “have lasting impact,” would “outlive every 12-month period.” Start out by attempting to target three-year pledges to endowment (to support strategic priorities), while Annual Fund letter would be largely the same as it has been: Endowed Fund* Annual (General) FundX- Strategic Priorities Professional SupportX- Ham AwardsX- Peterson PrizesScholarships* 3-year ask.

  • Andrew and Kathleen Eisen Endowed Fund was established on April 9, 2013 to support ALS patient services.

  • An Endowed Fund, as a permanent Fund, cannot be closed; however, it may be transferred to The Community Foundation’s discretionary Fund for Greater Washington Endowment.

  • Hindsley Endowed Fund for Symphonic Band Historical Performance Institute Fund Ernest Hoffzimmer Scholarship Leonard Hokanson Chamber Music Scholarship Georgia Wash Holbeck Fellowship Julian Hook Music Fund Julian Hook Music Theory Fund William S.


More Definitions of Endowed Fund

Endowed Fund. I would like CFU to create an unrestricted endowed fund. Endowed funds provide sustainable support and transformational impact over the long term. Grants are made mainly out of investment income. However, CFU’s Board reserves the right to spend the principal in special circumstances outlined in the Investment Policy.
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Related to Endowed Fund

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • 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.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.