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Designating Endowment Accounts as Central/Current

Latest Revision: July 9, 2012

 

Purpose of the Policy

The purpose of the policy is to establish the criteria for determining the status of an endowment account as:

  • Central/Non-central
  • Current/Non-current

Policy Responds to

This policy responds to a need to properly categorize these funds for budgetary purposes consistently throughout the University. Additionally, these designations are currently used to identify funds which support the Capital Campaign.

Owner of this Policy

The Office of Management and Budget.

Who Should Know this Policy

This policy applies to:

  • All Schools & Departments who have any financial or administrative responsibilities for endowment accounts
  • Office of Management and Budget
  • Office of the Controller
  • Office of Alumni & Development

To see the full text of this policy, please use the link on the right.