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Endowment Fund

Endowment Fund Definition

Endowment Fund is an investment fund which allows regular withdrawals from the invested capital. These funds are often used by nonprofit institutions, universities, hospitals and churches. They are financed by donations, which are tax deductible for donors. The withdrawals may be used for ongoing operations or other specified purposes. The amount that the institution can take from the fund at each period is usually determined.

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Mutual Funds




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