Endowment funds are held by
A)charitable organizations.
B)educational institutions.
C)for-profit firms.
D)charitable organizations and educational institutions.

Question

Quizplus · Accepted Answer

Endowment funds are typically held by charitable organizations and educational institutions. These funds are invested to provide long-term financial support to the organization, and the income generated from the investments is used to fund programs, scholarships, and other charitable activities. For-profit firms may also maintain endowment funds, but they are less common.

Endowment Funds Are Held by