give the meaning of endowment fund?
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An endowment fund is an investment fund established by a foundation that makes consistent withdrawals from invested capital. The capital or money in endowment funds is often used by universities, nonprofit organizations, churches, and hospitals.
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an endowment fund is an investment fund established by a foundation that makes consistent with drawal from invested capital. the capital or money in endowment fund is often used by universities , non profit organization, churches and hospitals
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