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.
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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.
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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.
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Examples of Permanent endowment fund in a sentence

  • Permanent endowment fund The principal sum of £15,000, described as the Alexander Stone Foundation Fund, is unavailable for distribution among beneficiaries of the Benevolent Fund.

  • 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.

  • Permanent endowment fund to insure perpetuation of the work of the church.

  • Permanent endowment fund: these are funds which must be held permanently and the capital maintained.

  • Permanent endowment fund: This represents part of the total assets of the Canterbury Dispensary Fund, received in the year to 31 March 2000.


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%.
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Permanent endowment fund means a fund held in a an endow Iowa qualifying community foundation to provide
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Permanent endowment fund means a fund which must be held permanently although its constituent assets may change from time to time;
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Related to Permanent endowment fund

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Charitable contribution means any donation or gift of money or any other thing of value.