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 funds are being expended consistent with the donor’s intent. The BoRSF faculty endowments are intended to provide discretionary resources to assist in the retention of highly productive faculty; it is not appropriate to designate funds for internal award or competition apart from the selection of the faculty holder.
Categories: BoRSF Faculty Endowments, Reporting and Compliance