endowment fund

(3) Endowment fund The term “endowment fund” means a fund that— (A) is established by State law, by a Hispanic-serving institution, or by a foundation that is exempt from Federal income taxation; (B) is maintained for the purpose of generating income for the support of the institution; and (C) does not include real estate.


20 USC § 1101a(a)(3)

Scoping language

For the purpose of this subchapter
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