Ind. Code § 30-2-12-2
Current through P.L. 171-2024
As used in this chapter, "endowment fund" means an institutional fund, or any part of the fund, not wholly expendable by the institution on a current basis under the terms of the applicable gift instrument. The term does not include assets that an institution designates as an endowment fund for the institution's use.
IC 30-2-12-2