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What is the difference between a trust fund and endowment fund?

difference endowment fund Trust
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What is the difference between a trust fund and endowment fund?

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Trust funds are segregated accounts that may encroach on capital to fulfill the purpose of the fund as defined in the terms of reference. Endowment funds are segregated accounts in which the capital is invested in perpetuity and only the income is available to fulfill the purpose of the fund as defined in the terms of reference.

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