Permanent endowment fund means a fund held in an endow Iowa qualifying community foundation to provide benefit to charitable causes in the state of Iowa. Endowed funds are intended to exist in perpetuity, and to implement an annual spend rate not to exceed 5 percent.
Permanent endowment fund means a fund held in a an endow Iowa qualifying community foundation to provide
Permanent endowment fund means a fund held in a qualifying community foundation to provide benefit to chari- table causes in the state of Iowa. Endowed funds are in- tended to exist in perpetuity, and to implement an annual spend rate not to exceed 5 percent.
Examples of Permanent endowment fund in a sentence
Permanent endowment fund: This represents part of the total assets of the Canterbury Dispensary Fund, received in the year to 31 March 2000.
Income, expenditure and gains/losses are allocated to particular funds according to their purpose:Guildhall Library Centenary Fund 19-20 | Annual Report and Financial Statements 2019/20 Permanent endowment fund – this fund consists of funds which are held in perpetuity for the benefit of the charity as a result of conditions imposed by the original donors and trusts.
More Definitions of Permanent endowment fund
Permanent endowment fund means a fund that (i) is held by a qualified community foundation to provide benefit only to charitable causes in the State, (ii) is intended to exist in perpetuity, and (iii) has an annual spend rate based on the foundation spending policy, but not to exceed 7%.
Permanent endowment fund means a fund which must be held permanently although its constituent assets may change from time to time;
Permanent endowment fund means a fund whose donated assets are to be held as capital and which the Board may not spend as if it were income. Permanent endowments can only be spent where permissible if the Board agree it is necessary to help the Foundation carry out its charitable purposes more effectively, but external authority must be sought before the money is spent.