Describing an entity, project, or individual that possesses a substantial and readily available supply of financial resources. This abundance allows for considerable investment, operational flexibility, and the capacity to undertake initiatives that may be beyond the reach of those with more limited financial means. A fund-rich status typically implies a strong financial standing and a decreased reliance on external financing, providing greater autonomy and resilience. The term often suggests an ability to weather economic downturns and pursue long-term strategies effectively.
Fund-rich meaning with examples
- The non-profit organization, being fund-rich due to a recent large donation and successful fundraising campaigns, was able to significantly expand its outreach programs to underserved communities. This expansion allowed them to hire more staff and provide more resources than ever before, furthering their mission and impact.
- In the competitive landscape of pharmaceutical research, fund-rich companies are at a significant advantage. They can afford to invest heavily in research and development, clinical trials, and marketing, allowing them to bring innovative drugs to market faster and secure greater market share.
- With its fund-rich endowment, the university could afford to attract top faculty, build state-of-the-art facilities, and offer generous financial aid packages. The institution was able to enhance its prestige and attract more high-achieving students, leading to better rankings and research output.
- The government's plan to construct a new high-speed rail line relied heavily on its fund-rich infrastructure fund. This funding allowed the project to move forward efficiently. The abundant budget assured the capacity to meet anticipated construction costs, environmental impact mitigations, and project scope modifications.