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Grant Writing MCQs

Which of the following statement(s) does NOT apply to endowment funds?

Endowment funds are kept permanently as a fixed deposit, and the interest is used for the benefit of the organization.

Endowment funds are disbursed as gifts and awards.

Funders provide endowment funds to organizations that they have previously funded.

Donors sanction endowment funds to those organizations that have proven their fiscal and administrative capability.

Answer

Correct Answer: Endowment funds are disbursed as gifts and awards.

Explanation:

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