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Can 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,…

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Can 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…

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Can 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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Can a faculty endowment holder use expendable funds to purchase personal property?

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No. All equipment, supplies, software, and other tangibles must be retained as property of the campus and cannot be considered…

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Can a faculty endowment holder with a nine-month academic appointment use expendable funds for summer salary?

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Salary support through the endowment can only be provided for work performed. An appropriate amount of summer support, not to…

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