Types of Endowment Funds
- True endowment funds are received from external donors with restriction that the principal or gift amount is to be retained in perpetuity and cannot be spent.
- Term endowment funds all or part of the principal may be expended only after the expiration of a stated period of time or occurrence of a specified event, depending on donor wishes.
- Quasi endowment funds must retain the purpose and intent as specified by the donor or source of the original funds and earnings may be expended only for the specified purpose.
Read more about this topic: Financial Endowment
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