The Quasi-Endowment Fund of a University Would Account for Funds

question 20

Multiple Choice

The quasi-endowment fund of a University would account for funds set aside by

• A) the governing board of the University for a future purpose.
• B) a donor who is uncertain how they want the funds spent.
• C) a legal restriction on an endowment which may change.
• D) a trustee who makes the donation contingent upon a future event.

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Definitions:

Aphasia

A condition characterized by the loss of the ability to understand or express speech, caused by brain damage.

Physical Alterations

Changes or modifications in physical appearance or structure, possibly due to surgical, traumatic, or cosmetic reasons.

Personal Space

The physical space immediately surrounding someone, into which any encroachment feels uncomfortable or invasive to that person.

Neuromuscular Weakness

A decrease in the strength of the muscles due to problems in the neuromuscular junction, nerves, or muscles themselves.