ENDOWMENT FUNDS.

SEC. 383. ENDOWMENT FUNDS. Section 302 of the Tribally Controlled Community College Assistance Act of 1978 (25 U.S.C. 1832) is amended— (1) in subsection (a), by striking “section 333” and inserting in lieu thereof “section 331”; and (2) in subsection (b)— (A) by amending paragraph (1) to read as follows: “(1) provides for the investment and maintenance of a trust fund, the corpus and earnings of which shall be invested in the same manner as funds are invested under paragraph (2) of section 331(c) of the Higher Education Act of 1965, except that for purposes of this paragraph, the term ‘trust fund’ means a fund established by an institution of higher education or by a foundation that is exempt from taxation and is maintained for the purpose of generating income for the support of the institution, and may include real estate;”; and (B) in paragraph (3) by striking “same” the first time such term appears.