News

When the donor contribution has been aggregated from a number of contributions from a variety of contributors, how should documentation of donor permission/approval be handled if changes to the endowment are in prospect?

•

Protection of donor rights and intent is the purview of the campus. In terms of documentation of donor approval submitted…

Read More

Can endowment earnings be pooled across multiple accounts for award to faculty holders or to establish an internal competition for faculty resources?

•

No. Each account, unless otherwise specified by the donor, is designated for a specific purpose; pooling earnings does not ensure…

Read More

Can endowment earnings from a high-earning account be transferred to another account to build corpus or protect against losses?

•

No. As with pooling expendable earnings, each account – corpus and earnings – must be dedicated only to the purposes…

Read More

Is BoR approval required for a change in the name or focus area of a faculty endowment?

•

BoR and donor approval is required for a focus-area change to an Endowed Chair; a name change requires permission of…

Read More

How quickly are requests for waiver processed and the campus notified of the result?

•

The BoR meets monthly except in July and November. Typically requests received within two weeks of a meeting will be…

Read More