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28 chapters · 329 sections in this title.
D.C. Code § 44-1631 Definitions
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For the purposes of this chapter, the term: (1) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is beneficial to the communi…
D.C. Code § 44-1632 Standard of conduct in managing and investing institutional fund
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(a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. (b) In addition to complying with the duty o…
D.C. Code § 44-1633 Appropriation for expenditure or accumulation of endowment fund; rules of construction
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(a)(1) Subject to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which the endowment fund…
D.C. Code § 44-1634 Delegation of management and investment functions
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(a) Subject to any specific limitation set forth in a gift instrument or in law other than this chapter, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the ci…
