Foundation and Endowment Fund.
Endowment fund is investment fund set up by an institution in which regular withdrawals from the invested capital are used for ongoing operations or other specified purposes. It is a fund whose income, but not the principal sum, can be expended. It also has multiple funds depending on its terms and restrictions.
Endowment fund is investment fund set up by an institution in which regular withdrawals from the invested capital are used for ongoing operations or other specified purposes. It is a fund whose income, but not the principal sum, can be expended. It also has multiple funds depending on its terms and restrictions.