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) disbursed to support specific programs or projects, often based on donor 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

  • 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.

  • 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 Total Return Endowed Fund is geared towards long- term growth with a goal of achieving consistent returns year to year.

  • 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.

  • The Total Return Endowed Fund is geared towards long-term growth with a goal of achieving consistent returns year to year.

  • CFAAC’s Endowed Fund Policy may be requested by contacting CFAAC.

  • The Designated Fund minimum is waived when opening a paired Designated Fund because the initial contribution will come from the Nonprofit Agency Endowed Fund.

  • A contribution totaling $ AMOUNT has been received to establish the Endowed Fund and shall be designated as Principal.

  • This Endowed Fund is named in honor of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, who had a deep and profound influence on Quaker thought and practice at Westtown over a span of more than 80 years.


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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