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

Question

Quizplus · Accepted Answer

Endowment funds are typically held by charitable organizations and educational institutions to support their operations, programs, and long-term financial stability. For-profit firms generally do not hold endowment funds as they operate on a profit-making basis rather than relying on endowed funds for support.

Endowment Funds Are Held by