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Icies and procedures for establishing endowments within the guidelines of Board policies. 2. DEFINITIONS 2.1. Book Value (Carrying Value; Fund Balance): The original cost basis of an endowment, plus adjustments for gains or losses, additional gifts, external management fees and any other transfers to or from the fund. 2.2. Capital Gain or Loss: The difference (gain or loss) between the value at the time of purchase or other acquisition of an asset, and the market value of that asset at a po.

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