Posted by: gandharba July 7, 2017
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Endowment Fund.
Akshya: kahiley nasidhhiney
Although Endowment is not same as akshya, the way Akshya Kosh works in Nepal has similarities in how Endowment Fund works in US.
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from investopedia:
Financial endowments are typically structured so the principal amount invested remains intact, while investment income is available for immediate funding for use to keep a nonprofit company operating efficiently. For endowments structured so a portion of the principal is released for use each year, the donation has an impact over a longer period of time.
Read more: Endowment Fund http://www.investopedia.com/terms/e/endowment-fund.asp#ixzz4mAzenQlu
Read more: Endowment Fund http://www.investopedia.com/terms/e/endowment-fund.asp#ixzz4mAzenQlu