Question: What does the term endowment refer to in the context of nonprofit finance? a . A pool of funds invested to generate income for the

What does the term "endowment" refer to in the context of nonprofit finance?
a.
A pool of funds invested to generate income for the organization's long-term sustainability
b.
Government grants
c.
Donor restrictions
d.
In-kindcontributions

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!