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What is Endowment Fund?

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Question added by Umair Shoukat , Finance & Accounts Officer , USAID | NEDPG Project, Semiotics Consultants
Date Posted: 2017/06/02
Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

It  is Fund created when a donor or board of trustees specify that a gift is to be invested and only the income earned from the investment or gift may be spent for a specific purpose.

 

 

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