164.647 - “Endowment fund” defined.
164.647 “Endowment fund” defined. “Endowment fund” means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.
(Added to NRS by 2007, 112)