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Governmental fund type in the U.S.
In the United States, a permanent fund is one of the five governmental fund types established by GAAP. It is classified as a restricted true endowment fund for governments and non-profit organizations. Put simply, a permanent fund may be used to generate and disburse money to those entitled to receive payments by qualification or agreement, as in the case of Alaska citizens or residents that satisfy the rules for payment from their permanent fund from State oil revenues. It was first introduced through GASB Statement 34. The name of the fund comes from the purpose of the fund: a sum of equity used to permanently generate payments to maintain some financial obligation. Also, a fund can only be classified as a permanent fund if the money is used to report the status of a restricted financial resource. The resource is restricted in the sense that only earnings from the resource are used and not the principal. For example, a fund can be classified as a permanent fund if it is being used to pay for accounting services for a perpetual endowment of a government-run cemetery or financial endowments towards a government-run library.
A common misconception is that permanent funds are required for special-purpose government entities that solely engage in business-type activities. However, this is not the case. According to Statement 34, that special-purpose government entity needs only to report the net balance of the restricted resources.
Alaska PermanentFund (APF) is a constitutionally established permanentfund managed by a state-owned corporation, the Alaska PermanentFund Corporation...
States, a permanentfund is one of the five governmental fund types established by GAAP. It is classified as a restricted true endowment fund for governments...
The Permanent University Fund (PUF) is a sovereign wealth fund created by the State of Texas to fund public higher education within the state. A portion...
The Texas Permanent School Fund is a sovereign wealth fund which serves to provide revenues for funding of public primary and secondary education in the...
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets...
"Alaska PermanentFund Corporation". apfc.org. Archived from the original on May 20, 2007. Retrieved May 29, 2007. "State of Alaska PermanentFund Division"...
fund of the United Kingdom. The Consolidated Fund (Permanent Charges Redemption) Acts 1873 and 1883 was the collective title of the Consolidated Fund...
countries to send direct payments to its citizens. The Alaska PermanentFund is a fund for all residents of the U.S. state of Alaska which averages $1...
of basic income in the United States came in 1982, when the Alaska PermanentFund was established. It has delivered some kind of basic income, financed...
consolidated fund or consolidated revenue fund is the main bank account of the government. General taxation is taxation paid into the consolidated fund (as opposed...
original on 2010-11-19. Retrieved 2010-11-07. Alaska PermanentFund Corporation "State of Alaska PermanentFund Division". Pfd.state.ak.us. Archived from the...
method, a fund consists of a self-balancing set of accounts and each are reported as either unrestricted, temporarily restricted or permanently restricted...
The New Mexico Land Grant PermanentFund (LGPF) is a sovereign wealth fund that provides revenues to New Mexico's public schools and universities, among...
up a fund to ensure that this wealth would be preserved, through investment of part of the revenue from oil. In 1976, the Alaska PermanentFund was created...
(panel), used to control the power factor of electrical loads Alaska PermanentFund Corporation Albert Park Football Club, a present-day amateur Australian...
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds...
was elected governor of Alaska. He oversaw the creation of the Alaska PermanentFund in 1976, which, since the early 1980s, has paid annual dividends to...
Fraser & Dunlop, an English literary and talent agency PermanentFund Dividend of Alaska PermanentFund A prevention of future deaths report issued by a coroner...
borrowing and lending money between their members. They are also known as PermanentFund, Benefit Funds, Quasi Bank, Mutual Benefit Funds and Mutual Benefit...
A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment...
United Nations International Children's Emergency Fund in full, now officially United Nations Children's Fund, is an agency of the United Nations responsible...
Some examples of important U.S. institutional investors are: Alaska PermanentFund ($73 billion [2021]) Ensign Peak Advisors ($100 billion [2019]) CalPERS...
Permanent Portfolio Family is an American mutual fund investment company founded in 1982. The company's products consist of four mutual funds. Its flagship...
Ammembal Subba Rao Pai, a philanthropist, established the Canara Hindu PermanentFund in Mangalore, India, on 1 July 1906. Canara Bank's first acquisition...
capital". Website for Shareholders of Irish Life & Permanent Group Holdings plc (IL&P). Scotchstone Capital Fund. Retrieved 31 August 2011. "Sweden's SEB Life...
January 2017. "Biographical note - New Permanent Observer for Latin American, Caribbean Indigenous Peoples Fund Presents Letter of Appointment". United...
member of Alaska's PermanentFund Defenders, a non-partisan and non-profit advocacy group to the defense of the Alaska PermanentFund, which preserves and...
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