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Yes, and in some cases that is the only thing they create, as a mechanism for holding and distributing donations to other charitable causes.
YES. Trust should have a holder and a beneficiary. In this case, the non-profit corporation is the trustee. The beneficiary may be designated by the corporation.
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What was the Reserve Fund?
The Reserve Fund was the first money market mutual fund
When was the Reserve Fund created?
The Reserve Fund was created in 1971
What is depreciation reserve fund?
Accumulated depreciation which is not shown in income and expenditure account as expenditure and the same is included in the net profit and shown separately as depreciation reserved fund while adding it in the capital fund.
Was the Reserve Fund the first money market mutual fund?
The Reserve Fund was the first money market mutual fund
What is a mutual fund's objective?
The objective of a mutual fund is to pool in money from investors and use it to invest in investment vehicles thereby trying to generate profit for the investors and use the same to profit the company that runs the Mutual fund.
What is the difference between general reserve and revenue reserve?
A reserve which is created out of the revenue profit is called revenue reserve. Revenue profit is earned in the normal course of the business. Revenue reserve refers to the undistributed revenue profit. It is created for strengthening the financial position, replacing deprecialble assets, redeeming liabilities, declaring uniform rate of dividend and conducting research and development functions. If the reserve is not needed in the future, it can be distributed as dividend to the shareholders.There are two types of revenue reserve:a) General ReserveA reserve which is created out of the profit not for a specific purpose is known as general reserve.General reserve is used for general purpose as per the discretion of the management. Usually, general reserve is used for strengthening the financial position and meeting future contingencies and losses.b) Specific ReserveA reserve which is created out of the profit for a particular purpose is known as specific reserve. Such reserve can not be utilized for any purpose other than specified. Specific reserve is created by debiting the profit and loss appropriation account. It can be invested in outside securities. It serves for a specific purpose as to equalize dividend or to redeem a fixed liability or to replace a fixed assets or to conduct a research and development work.The following are the important types of specific reserve:* Dividend equalization fund* Sinking fund* Research and development fund
What is reserve depreciation?
Accumulated depreciation which is not shown in income and expenditure account as expenditure and the same is included in the net profit and shown separately as depreciation reserved fund while adding it in the capital fund.
When was Revenue Equalization Reserve Fund created?
Revenue Equalization Reserve Fund was created in 1956.
When was State General Reserve Fund created?
State General Reserve Fund was created in 1980.
What are the example of Revenues?
Revenue reserve is created out of revenue Profit . It is created out of Revenue Profit for exaple General Reserve, Dividend equalization reserve, Investment fluctuation reserve etc.
What are the examples of revenue reserves?
Revenue reserve is created out of revenue Profit . It is created out of Revenue Profit for exaple General Reserve, Dividend equalization reserve, Investment fluctuation reserve etc.
A document that describes a fund it's profit expectations and explains how the fund operates?
A private placement memorandum is a document that describes a fund its profit expectations and explains how a given fund operates.
