Only the investment income from an endowment is available for spending. The original capital remains intact. See also Pure endowment and Designated endowment. A type of grant received from the provincial government. The provincial government may designate, or approve the use of the funds for a specific purpose or purposes.
Funds invested in the pool permit the spending of both capital and income.
Some assets, by contract or agreement, are not allowed to be pooled. Such funds are excluded from this investment fund. See also Consolidated investment pool . Both capital and any investment income are available for spending. However, if the funds are not designated to be spent in the near future, then they may be committed to the Expendable funds investment pool , to earn interest on a quarterly basis.