The Institution's Governing Board Decided to Create an Endowment from Contributed

question 34

Multiple Choice

The institution's governing board decided to create an endowment from contributed funds, this is called an ________ and the funds are unrestricted.

• A) Endowment.
• B) Term endowment.
• C) Quasi-endowment.
• D) None of the above.

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Definitions:

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Sense Of Solidarity

The feeling of unity and mutual support within a group, often arising from shared interests or objectives.

In-Group

A group to which an individual belongs, identifying as a member, often leading to favoritism and bias towards group members.

Exclusivity

The state or condition of being exclusive, typically meaning that something is limited to specific people or groups and not available to others.