Fund

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Fund

 

(1) Monetary or material resources that either finance certain activities (wages fund) or constitute the basic holdings or reserves of such institutions as libraries and museums.

(2) An organization or institution that gives material aid to artists, for example, the Literary Fund of the USSR.

(3) In capitalist countries, international or national grants or capital investments (usually set up by private individuals) to support educational institutions, carry out scientific projects, and promote and reward discoveries, inventions, and achievements in the arts and sciences.

References in classic literature ?
Jessup, the treasurer of the Slater Fund, I refer to because I know of no man of wealth and large and complication business responsibilities who gives not only money but his time and thought to the subject of the proper method of elevating the Negro to the extent that is true of Mr.
SINCE THE FIRST MAJOR MARKET-TIMING and late-trading scandal broke, a barrage of federal and state enforcement actions against funds has followed.
Tax efficiency is more likely to be a factor in funds holding stocks and other equity instruments, not when selecting mutual fund investments in retirement accounts like Sec.
But the engineering manager still thinks mutual funds are one of the safest, ways for individual investors to invest in the stock market.
But perhaps the most egregious scandal of all swirls around segments of the mutual funds industry.
Endowment funds allow the FOUNDATION to build assets to ensure its future, and earnings from these investments fund the programs of the FOUNDATION.
Until recently, corporate asset allocation rarely included hedge funds as a component.
Socially Responsible Mutual Funds that Can Go the Distance
Investors are flocking to the 247 index funds available today for two reasons: It beats nine out of 10 mutual funds and the cost is low.
Once an obscure investment instrument, mutual funds have become the financial vehicle of choice among middle-class Americans.
BOSTON -- Putnam Investments and the Board of Trustees of the Putnam Funds announced today approval of a comprehensive initiative that would (1) concentrate the lineup of closed-end funds managed by Putnam Investments (together, the "Funds") through mergers combining certain Funds, and (2) provide shareholders of each Fund with enhanced liquidity opportunities either through merger into an open-end fund or through a tender offer by the Fund to purchase up to 10% of the outstanding common shares.