Sec. 2. As used in this chapter, "endowment fund" means an institutional fund, or any part of the fund, not wholly expendable by the institution on a current basis under the terms of the applicable gift instrument. The term does not include assets that an institution designates as an endowment fund for the institution's use.
As added by P.L.268-1989, SEC.1. Amended by P.L.226-2007, SEC.9.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
Chapter 12. Uniform Management of Institutional Funds Act
30-2-12-0.5. Application of Chapter
30-2-12-1. Application of Chapter
30-2-12-1.3. "Charitable Purpose" Defined
30-2-12-2. "Endowment Fund" Defined
30-2-12-3. "Gift Instrument" Defined
30-2-12-5. "Institution" Defined
30-2-12-6. "Institutional Fund" Defined
30-2-12-9. Appropriation or Accumulation of Endowment Funds; Gift Instrument
30-2-12-14. Duties of Person or Institution Managing or Investing Institutional Fund
30-2-12-15. Delegation of Management or Investment of Institutional Fund; Duties of Agent
30-2-12-16. Determination of Compliance