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Basic Question 2 of 6
______ are established to provide continuing financial support to universities and their students (e.g., scholarships).
B. Endowments
C. Defined benefit plans
A. Foundations
B. Endowments
C. Defined benefit plans
User Contributed Comments 4
| User | Comment |
|---|---|
| Emily1119 | What's the different between foundation and endowment? Thanks~ |
| johntan1979 | Foundation have a limited lifespan, while endowment is like a perpetuity. Keyword in the question is "continuing" |
| Bududeen | the difference is in the word university....endowment normally refers to university funds and foundation refers to charity organisations |
| shalie | Both have a long term horizon. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe types of investors and distinctive characteristics and needs of each
describe defined contribution and defined benefit pension plans
CFA® 2024 Level I Curriculum, Volume 6, Module 3.