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 longterm sustainability
b
Government grants
c
Donor restrictions
d
Inkindcontributions
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
