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Term Endowment

Term Endowment  

Term endowment funds are similar to true (permanent) endowments, except that, upon the passage of a stated period (or time) or the occurrence of a particular event, all or part of the donation may be expended.  True and term endowments are collectively referred to as ‘donor restricted’ transactions.
Source: NACUBO Accounting Tutorial – Endowment Definitions

Term Endowment

  • Generally not as common as true and quasi endowments.
  • Created by donor intent – evidenced by gift agreement or bequest
   
   
   
   
   
   
   

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