Spending
Operating accounts are current use accounts and all monies are available for spending at any time. Quasi-endowments are current use accounts invested in the...
Mon, Jun 29, 2020 at 1:07 PM
The investment horizon of the endowment is perpetuity, and its investment objective is two-fold: (1) to generate steady current income to support spending e...
Thu, Jul 17, 2025 at 3:41 PM