N.Y. Comp. Codes R. & Regs. tit. 10 § 451.90

Current through Register Vol. 46, No. 41, October 9, 2024
Section 451.90 - Endowment fund

Funds, usually of a nonprofit institution, in which a donor has stipulated, as a condition of gift, that the principal of the fund is to be maintained inviolate and in perpetuity and that only income from investments of the fund may be expended.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.90