Endowment Compliance

Endowment Compliance Endowment Compliance - Start

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Endowment Compliance - Description

Budget Authority Training 2014 - 2015. Endowments. Endowments are established through the Office of University Advancement with a donor’s gift and a signed endowment agreement which has been approved by the Board of Regents. . ID: 575260 Download Presentation

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Endowment Compliance




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Presentations text content in Endowment Compliance

Slide1

Endowment Compliance

Budget Authority Training 2014 - 2015

Slide2

Endowments

Endowments are established through the Office of University Advancement with a donor’s gift and a signed endowment agreement which has been approved by the Board of Regents. Whitney King Erica Campanelli David Jones Larry Wickham Kathy Gohmert Arts and Sciences Athletics Business and Engineering Nursing/Health Sciences Technology & Education The minimum funding level is $10,000

Slide3

Types of Endowments

ScholarshipsProgram Funds

Slide4

Types of Endowments

Faculty Positions

ChairProfessorshipDistinguished

Distinguished University Chair $2,000,000

Distinguished Chair $1,500,000

Chair $1,000,000

Distinguished University Professorship $ 500,000

Distinguished Professorship $ 250,000

Professorship $ 100,000

Slide5

Discussion

Documents each department should have related to

endowments

Policies

governing

Endowment Compliance

Tracking

the endowment distributions

Monitoring the use of

endowed funds

Slide6

Tracking

.

Slide7

UTIMCO

Endowment distribution information can be accessed through UTIMCO via CRIS (Component Reporting Information System.) Contact Sharon Brown, in the Office of University Advancement, to obtain access to this system or for current information.

Slide8

Tracking the Use of Endowment Distributions

Local endowment account balances and expenditure amounts by category can be accessed through PeopleSoft.

Slide9

Documents Needed

Slide10

Monitoring

Slide11

Failure to Comply

Slide12

Summary

Budget

Authorities

include projected distribution in annual

budget

The balance in PeopleSoft at the end of each fiscal year is less than two times the annual

distribution

Annual

Report of

Use

For

excessive accumulation a Report of Planned

Use (Spending Plan)

by the Budget

Authority

Slide13

Contact

Sharon

Brown

Office

of University Advancement

903-566-7225

sharonbrown@uttyler.edu


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