JanetLee2005 JanetLee2005
  • 03-03-2020
  • Business
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What are the Examples of private purpose trust funds

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Remzwisdom
Remzwisdom Remzwisdom
  • 05-03-2020

Answer:

Scholarship Trust fund is an example of private trust funds

Explanation:

Private purpose trust funds are fiduciary  funds established to account for gifts the school district receives to be used for a particular purpose or to  account for moneys and property received and administered by the school district as trustee.

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