Assertion: endowment's income | /r/HasProperty | available
Facets:
value: always
type: DEGREE
value: to the charity
type: TRANSITIVE-OBJECT
value: for upkeep
type: PURPOSE
value: to the organization
type: TRANSITIVE-OBJECT
value: for spending
type: PURPOSE
value: for use in operations
type: PURPOSE
Source sentences:
text: While specific rules and obligations apply, the most common trait of a fund is the organizations inability to leverage the principal balance for operations, rather, only income generated by the capital investments is available to the organization for use in operations.
text: The amount donated (the principal) is invested and the annual income (interest and/or dividends) is available for spending.
text: If the income was available to the charity to spend on any portion of its charitable mission, then that was called an unrestricted endowment.
text: A cemetery endowment care trust fund is designed to ensure that income will always be available for the continued maintenance and upkeep of the cemetery, even when all the interment spaces are sold.