Permanent endowment fund definition
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 that (i) is held
Permanent endowment fund means a fund which must be held permanently although its constituent assets may change from time to time;
More Definitions of Permanent endowment fund
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.
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.
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 held in a an endow Iowa qualifying community foundation to provide