Endowment fund definition

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 of the University established under section 37 of the Act;

Endowment fund means the endowment fund established under Section

Examples of Endowment fund in a sentence

• Endowment fund – A fund in which the principal must remain permanently intact and only the income (usually in the form of interest) can be used for projects and activities.

• The Endowment fund is used for the specific purpose of advancing education in the fields of logistics and transport by the provision of funds for educational purposes.

• Endowment fund investments will primarily focus on the preservation of principal and use of investment income for operational purpose.

• No Committee member shall be personally responsible for any transaction of the Endowment fund so long as he or she acts in good faith and with ordinary prudence in handling fund assets.

• Endowment fund bequests are recognised as income when received in the Statement of Comprehensive Revenue and Expense and transferred to the Endowment Funds equity reserve from Accumulated Funds.

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 a fund where the principal is not normally used and only the investment income, or a portion thereof, is used.

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 an institutional fund or part of an institutional fund that, under