- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 3. Portfolio Management: An Overview
- Subject 3. Types of Investors
CFA Practice Question
______ 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
Correct Answer: B
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. |