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How is an endowment fund created?

endowment fund
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How is an endowment fund created?

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An endowment fund may be created by virtually any means that indicates that the donor intended to create an endowment fund. Such means include a direct instruction from the donor, a donor’s gift designated for an existing endowment fund, or an otherwise undesignated gift that is received in response to a request for an endowment gift.

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