Pugh Real Estate Carrying Cost Holding Fund
Fund Purpose
The donor wants the real estate to benefit 2 existing funds. Until the real estate sells, there will be carrying costs. This fund will be used to pay costs such as utilities, etc. The fund will be closed once the property sells and the proceeds transferred as the donor instructs. It is very important that this be an endowment fund so that it is treated as restricted.
The donor wants the real estate to benefit 2 existing funds. Until the real estate sells, there will be carrying costs. This fund will be used to pay costs such as utilities, etc. The fund will be closed once the property sells and the proceeds transferred as the donor instructs. It is very important that this be an endowment fund so that it is treated as restricted.
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