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?

Yes. The faculty holder may purchase anything that meets the purpose(s) of the original endowment, contributes to his/her professional work, and does not violate Regents’ policies regarding supplantation and/or general discretionary use of an academic department or unit.