Common investment fund
From Europhil
(Redirected from COMMON INVESTMENT FUND)
A fund, to which property is transferred by participating charities. The capital and income is held for each charity in proportion to the value of the property transferred to the funds. All charities may join in such a scheme. (Under the Charities Act 1960 such a fund was set up in England and Wales by the Charity Commissioners; it is called Charities Official Investment Fund.)
