alleryStart learning →How does a temporary endowment differ from a permanent endowment?
AIt is released after a future event
BIt is never kept in a fund
CIt must always be spent at once
DIt cannot ever hold investments
Answer & Solution
Correct answer: A. It is released after a future event
A temporary endowment is released for unrestricted or purpose-restricted use at a specified future time or after a set event.
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