There are three main components to the typical endowment fund:
1. Investment Policy: This policy dictates the types of investments the manager can make and how aggressive he or she can be in meeting return targets.
2. Withdrawal Policy: This policy determines the amount that the institution can take from the endowment fund at each period and is usually based on the institution's needs as well as the amount remaining in the fund.
3. Fund Usage Policy: This policy ensures that the money from the endowment fund is being used properly and for the purposes set out by the fund.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
endowment fund — fund from which sums of money are given … English contemporary dictionary
endowment fund — noun the capital that provides income for an institution • Syn: ↑endowment • Derivationally related forms: ↑endow (for: ↑endowment) • Hypernyms: ↑capital … Useful english dictionary
endowment fund — Fin a mutual fund that supports a nonprofit institution … The ultimate business dictionary
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