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 ?
Colmenares said he asked Malacanang last week to explain the reported P1.7 trillion special purpose fund of the President and his Cabinet.
In addition, fund releases from the Special Purpose Fund (SPFs) amounted to P159.8 billion.
The three-story building has an allocation of Php20 million that is taken from the special purpose fund of the regions chief executive, said Norkhalila Mambuay-Campong, head of ARMMs Office of the Regional Governor.
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.
Aquino has a P2.5 billion (Dh208.3 million) Presidential Social Fund, which comes from the Philippine Amusement and Gaming Corporation; and P10 billion (Dh833.3 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.
House leaders were urged to look carefully at suspicious lump sums in the budget submitted by the Duterte administration, particularly the P1.7-trillion special purpose fund (SPF), a large portion of which would be under the control of the President.

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