Jasper City is trustee for the Henry J.Moooney Endowment Fund,created to provide scholarships for students. This is an example of which type of fund?

Name: Jasper City is trustee for the Henry J.Moooney Endowment Fund,created to provide scholarships for students. This is an example of which type of fund?
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

The Henry J. Moooney Endowment Fund serves a specific charitable purpose, which is to provide scholarships for students. It is held in trust by Jasper City and is therefore a private-purpose trust.

Jasper City Is Trustee for the Henry J