Final answer:
A Permanent Fund is typically created with an endowed gift to provide income indefinitely, which would support the ongoing search for brown dwarfs through purchasing instruments and supporting observing programs.
Step-by-step explanation:
The fund most likely created with an endowed gift is E. Permanent Fund. An endowed gift is a donation that is meant to be invested so that it can provide income for an indefinite period. In the context of the question, assuming the gift is for the support of astronomical research, particularly the search for brown dwarfs, you would carefully allocate the funds to sustainable initiatives that can yield discoveries over time.
In managing the endowment for the search for brown dwarfs, you would allocate funds for advanced astronomical instruments such as high-resolution spectrographs and wide-field infrared cameras, which are essential for detecting these faint objects. You would also support long-term observing programs on ground-based telescopes, and potentially contribute towards the use of space-based observatories like the James Webb Space Telescope. Moreover, part of the endowment could be used for hiring researchers and scientists specializing in this field and funding their studies and exploratory expeditions. As a committee in charge of this fund, ensuring the judicious use of the endowment in ways that foster collaboration, innovation, and education in the field of astronomy would be paramount.