The investment portion of an organizations assets derived from donations is called an endowment. An endowment can

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The investment portion of an organization’s assets derived from donations is called an endowment. An endowment can earn a return for the organization in several different ways. Funds invested in bonds or put into a bank earn i _____ t. Interest income is thus a source of revenue from an endowment.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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