Endowment Fund Definition | Becker
Accounting Dictionary
Endowment Fund
An endowment fund is an established fund of assets to provide income for the maintenance of a not?for?profit entity. The use of the fund may be with or without donor?imposed restrictions. Endowment funds are generally established by donor?restricted gifts to provide a source of income either in perpetuity or for a specified period. See also board?designated endowment fund and underwater endowment fund.
Related Terms:
Board-Designated Endowment Fund [FAR]Underwater Endowment Fund [FAR]Back to Dictionary