What is the process for requesting Board of Regents approval for policy waivers?
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A written request must be submitted to the BoR, specifying the provision to be waived and reason(s) for requesting the…
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When is System Board approval required?
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Because the System Boards approve establishment of endowments for specific purposes on the campuses under their jurisdiction, their approval is…
Read MoreCan a faculty endowment holder use expendable funds to purchase equipment, supplies, or other tangible items to be housed in common/shared lab or classroom facilities, or to be used by other faculty or students?
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Yes. The faculty holder may purchase anything that meets the purpose(s) of the original endowment, contributes to his/her professional work,…
Read MoreCan an academic administrator (department chair, dean, provost) direct the expenditure of endowment income either in lieu of the faculty holder or when the endowment is vacant?
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No, unless the administrator is also the endowment holder. While academic administrators may discuss or make recommendations of appropriate or…
Read MoreCan a faculty endowment holder use expendable funds to purchase equipment, supplies, or other tangible items to be housed in common lab or classroom facilities, or to be used by other faculty or students?
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Yes. The faculty holder may purchase anything that meets the purpose(s) of the original endowment, contributes to his/her professional work,…
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