Examlex
Which of the following is not true?
Permanently Restricted Endowment
A type of endowment fund that a donor restricts in perpetuity; the principal cannot be spent, but the investment earnings can be used for designated purposes.
Financial Assets
Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.
Physical Assets
Tangible or material assets owned by an individual or company, such as buildings, machinery, or land.
Uniform Prudent Management
This term refers to the guidelines and principles for managing nonprofit and trust assets responsibly and prudently, ensuring that they are used effectively to fulfill the organization's mission.
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