Special Purpose Fund

Special Purpose Fund

Money set aside for a particular purpose. For example, a non-profit organization specializing in childhood development may designate a special purpose fund for subsidizing school lunches and another for after-school tutoring. It is rarely abbreviated "spfund."
References in periodicals archive ?
It is a special purpose fund established to invest in Ying Peng Hui Kang Fund.
The CEC had initially planned to invest in a special purpose fund (SPV) created by the provincial government and spend toward alleviating the impact of illegal mining, but with that deployment of funds failing to materialize, the court directed the CEC to immediately evolve a mechanism that would ensure speedy deployment of the monies toward mitigating those adversely impacted by illegal mining.
Lakeland College has established a special purpose fund for awards for Metis students.
3 million) Special Purpose Fund, which comes from the Philippine Charity Sweepstakes Office.
Borg is a special purpose fund wholly owned by van Eyk Blueprint Series, specifically created to hold investments in IEF.
The special purpose fund would be open to states that are cut off from market financing, who would be charged a concessional interest rate on the borrowings.
The revenue is deposited in a dedicated, or special purpose fund - the Inland Fish & Game Fund.
During 1982, NEA began offering life memberships to retired members through a new special purpose fund known as the NEA-Retired Program.
The grant supports the Trust in managing the Newark Model Schools Investment Fund (the Fund), a special purpose fund to support new and innovative public school models in Newark.
The grant will create a special purpose fund at NET to pool donations from individuals and national funders that will help finance the Newark public schools' new and innovative school models.
9-billion National Disaster Risk Reduction Management Fund (NDRRMF), a Special Purpose Fund in the 2016 budget.
559 (NBC 559) and some provisions under the Special Purpose Fund.

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