CFA Practice Question

There are 294 practice questions for this study session.

CFA Practice Question

______ are established to provide continuing financial support to universities and their students (e.g., scholarships).

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.
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