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This term generally refers to money donated to a charity with the provision that the principle will not be spent, but the income from the principle or corpus will be used for the charity.

Thus let's say someone donates $5M to a college. The $5M is the corpus funds and that money can't be spent by the college but instead it is set asside specially. However the $400,000 a year is generated in income from the $5M can be used by the college.

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12y ago

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