Quasi-endowment fund

Quasi-endowment fund means a fund which the governing board of an institution or foundation establishes to function as an endowment in that the principal is to be retained and invested. However, the entire principal and income may be spent at any time at the discretion of the governing board.

Source

34 CFR § 628.6

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Scoping language

The following definitions apply to the regulations in this part:

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