When are new and revised endowments added to the online reporting system?
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Changes are made in advance of the first reporting cycle in which the new/revised endowment must be included. New matching,…
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What documentation is required as part of reporting to validate compliance with policy provisions?
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Two documents must be submitted as part of the annual endowment reporting: the annual agreed-upon procedures (audit) report and the…
Read MoreHow and when will compliance with caps on the market value and retention of expendable funds be measured?
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Compliance will be measured by calculation based on the values provided by the campus in annual reporting, and verified by…
Read MoreWhen 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?
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Protection of donor rights and intent is the purview of the campus. In terms of documentation of donor approval submitted…
Read MoreCan endowment earnings be pooled across multiple accounts for award to faculty holders or to establish an internal competition for faculty resources?
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No. Each account, unless otherwise specified by the donor, is designated for a specific purpose; pooling earnings does not ensure…
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