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 ?
9-billion National Disaster Risk Reduction Management Fund (NDRRMF), a Special Purpose Fund in the 2016 budget.
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 revenue is deposited in a dedicated, or special purpose fund - the Inland Fish & Game Fund.
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.
Capital, LLC, and Asset Managers International Ltd, a wholly owned subsidiary of Pentagon Special Purpose Fund, Ltd.
The Alberta government is simplifying its savings plan by eliminating a special purpose fund and two endowment accounts that were established in spring 2014.
a leading multinational television production and distribution company, (NASDAQ:TMTV)(Neuer Markt:TME) announced today that the Company has received a $45 million financing commitment for a special purpose fund from Canadian Imperial Bank of Commerce (CIBC).
As the government prepares to meet the greater demand for sound and economically viable projects in the coming years, Balisacan said the proposed 2014 national budget earmarked a P400 million special purpose fund for the preparation of feasibility studies on infrastructure.
Direct co-investments into a portfolio company or investments in small co-investment or special purpose funds where control or consent rights exist can also be liability inducing.

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