Endowment Fund Income [Education] Law and Legal Definition
According to 34 CFR 628.6 [Title 34 – Education; Subtitle B -- Regulations of the Offices of the Department of Education; Chapter VI -- Office of Postsecondary Education, Department of Education; Part 628 -- Endowment Challenge Grant Program; Subpart A – General], the term endowment fund income means “an amount equal to the total value of the endowment fund established under the grant minus the endowment fund corpus.”
