Source: https://vacode.org/64.2-1100/
Timestamp: 2020-05-28 15:29:43
Document Index: 259151691

Matched Legal Cases: ['§ 64', '§ 64', '§ 64', '§ 64', '§ 2', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 3', '§ 32', '§ 51']

Definitions (§ 64.2-1100)—Virginia Decoded - Virginia Decoded
Next →64.2-1101 Standard of conduct in managing and investing institutional fund
11 Uniform Prudent Management Of Institutional Funds Act
§ 64.2-1100 Definitions
§ 64.2-1100
“Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental or municipal purpose, or any other purpose the achievement of which is beneficial to the community.”Endowment fund” means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.”Gift instrument” means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.
“Institution” means:
“Institutional fund” means a fund held by an institution exclusively for charitable purposes. The term does not include:
“Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.”Program-related asset” means an asset held by an institution primarily to accomplish a charitable purpose of the institution and not primarily for investment.”Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
If you’re reading this for anything important, you should double-check its accuracy—read § 64.2-1100 on the official Code of Virginia website.
§ 2.2-4515 Collateral and safekeeping arrangements
§ 23-122.1 (Repealed effective October 1, 2016) Investment of endowment funds, endowment income, and gifts; standard of care; liability; exemption from the Virginia Public Procurement Act
§ 23-44.1 (Repealed effective October 1, 2016) Investment of endowment funds, endowment income, and gifts; standard of care; liability; exemption from the Virginia Public Procurement Act
§ 23-50.10:01 (Repealed effective October 1, 2016) Investment of endowment funds, endowment income, and gifts; standard of care; liability; exemption from the Virginia Public Procurement Act
§ 23-76.1 (Repealed effective October 1, 2016) Investment of endowment funds, endowment income, and gifts; standard of care; liability; exemption from the Virginia Public Procurement Act
§ 23.1-2210 (Effective October 1, 2016) Investment of endowment funds, endowment income, etc
§ 23.1-2306 (Effective October 1, 2016) Investment of endowment funds, endowment income, etc
§ 23.1-2604 (Effective October 1, 2016) Investment of endowment funds, endowment income, etc
§ 23.1-2803 (Effective October 1, 2016) Investment of endowment funds, endowment income, etc
§ 3.2-3104 Tobacco Indemnification and Community Revitalization Endowment
§ 32.1-361.1 Virginia Foundation for Healthy Youth Endowment
§ 51.5-63 Board to administer institutional fund