### Question
How does DEVELOPING INSTITUTIONS define endowment fund?


### Answer
Under *20 U.S.C. § 1101a*, **endowment fund** is defined as:

> a fund that—


(A) is established by State law, by a Hispanic-serving institution, or by a foundation that is exempt from Federal income taxation

#### Citation:
  - *20 U.S.C. § 1101a*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER V-DEVELOPING INSTITUTIONS > Part A-Hispanic-Serving Institutions**

