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What is necessary to establish and name an endowed fund?

endowed fund necessary
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What is necessary to establish and name an endowed fund?

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A named endowment fund can bear the name of the donor or the name of someone he or she chooses to honor or memorialize. The fund can be designated for a particular program, department, or activity on campus. Because an endowment exists in perpetuity, a named endowed fund is an enduring legacy, forever linking the name of the donor to the achievements he or she has made possible.

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