Which of the following is not an income?
(A) Subscription
(B) Donation
(C) Sale of Ticket
(D) Endowment Fund
Answers
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4
Answer:
options A
Explanation:
IT is not related to income
Answered by
0
The correct answer is OPTION D: Endowment Fund.
- The endowment fund of a foundation is a type of investment that makes monthly withdrawals from its assets.
- Endowment funds provide capital or funding to universities, charities, churches, and hospitals.
- Endowment funds are usually created with a specific goal in mind and are funded via tax-deductible donations.
- Endowments can also be donated for specific purposes that the donor specifies, further complicating distributions.
- The majority of large endowment funds are professionally managed by investment managers with specified financial goals who distribute the cash across various investments.
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