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endowment fundUsually a permanently restricted asset for which the principal portion must be retained indefinitely. The earnings from an endowment fund could be unrestricted or temporarily restricted.
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endowment fundAccording to 20 USCS ยง 1101a (Title 20, Education; Chapter 28, Higher Education Resources and Student Assistance; Developing Institutions; Hispanic-Serving Institutions), the term "endowment fund [..]
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endowment fundA fund in which income and/or principal from permanently held University gifts are used to support ongoing projects and meet institutional opportunities.
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