What fund types are used for Foundation and Endowment Fund funds?
A listing of fund types used by FAI for Foundation and Endowment Fund funds is located in the Foundation Campus...
Foundation Projects
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What is “Other Income” for a Foundation?
“Other Income” does not represent a charitable contribution, and is not deductible by the payer for tax purposes because it... -
What is “socially responsible investing”?
Definitions for socially responsible investing vary, depending on who you ask. Typically the strategy for socially responsible investment is best... -
What is a BTE (Building to Endowment) fund?
A BTE is a fund that is “building to endowment” level. BTEs are allowed a five-year period to achieve the... -
What is a Distinguished Professorship?
The professor of distinction designation honors a current or potential tenured professor who has achieved recognition well above the criteria... -
What is a gift?
A gift is a voluntary and nonreciprocal donation of personal (cash, securities, books, equipment, life insurance, etc.) or real property... -
What is a Refund of Expenditure for a Foundation?
Refunds of expenditures are payments intended to reimburse for specific expenses and can be matched against an original charge (for... -
What is Foundations Accounting & Investments?
Foundations Accounting & Investments (FAI) is a multi-service office to twenty entities including the NC State Investment Fund, Inc. (NCSIF), seven... -
What is Foundations Accounting & Investments?
Foundations Accounting & Investments (FAI) is a multi-service office to twenty entities including: The NC State Investment Fund, Inc. (NCSIF)... -
What is Fundriver?
Endowments are invested using a “pooled” concept, meaning they are combined with other endowments in an investment pool, the NC... -
What is the asset allocation for the NC State Investment Fund (NCSIF)?
For information about the NCSIF’s asset allocation, please refer to the NCSIF Investment Policy Statement, which can be found on... -
What is the asset allocation for the Sustainable Responsible Impact (SRI) Fund?
For information about the SRI Fund’s asset allocation, please refer to the SRI Fund Investment Policy Statement, which can be... -
What is the balance of my Endowment Fund project?
For information about individual projects in all ledgers, you can use the University’s Wolfpack Reporting System (WRS). Foundations Accounting & Investments... -
What is the balance of my Foundation project?
For information about individual projects in all ledgers, you can use the University’s Wolfpack Reporting System (WRS). Foundations Accounting &... -
What is the difference between the NC State Investment Fund (NCSIF) and the NC State University Foundation Sustainable Responsible Impact (SRI) Fund?
Unlike the SRI Fund, the NCSIF is not limited in the types of companies in which it can invest. The... -
What is the Distinguished Professors Endowment Trust Fund (DPETF)?
The Distinguished Professors Endowment Trust Fund (DPETF) was established by the North Carolina General Assembly in 1985. It is a... -
What is the Endowment Fund?
The Endowment Fund of NC State University (The Endowment Fund) is a statutorily created fund that holds endowments. The Endowment... -
What is the Gift Assessment Fee (GAF)?
Gift Assessment Fees (GAF) are set by the Chancellor, benefit University Advancement, and are financially administered by FAI. Use of... -
What is the NC State Investment Fund, Inc. (NCSIF)?
The NC State Investment Fund, Inc. (The “Fund”) began operations in April 1999. The original pool, the long-term investment pool... -
What led to the creation of the NC State University Foundation Sustainable Responsible Impact (SRI) Fund?
In September 2013, Chancellor Woodson announced the largest single gift in NC State University’s history at that time – the... -
What strategies does the Sustainable Responsible Impact (SRI) Fund utilize to achieve a sustainable responsible impact investment approach?
Socially Responsible Investing (SRI) A portfolio construction process that attempts to avoid investment in certain stocks or industries through negative... -
What’s the difference between a gift, a grant, and a contract?
A gift is a voluntary and nonreciprocal donation of personal (cash, securities, books, equipment, life insurance, etc.) or real property... -
When and how often are market values updated in Fundriver?
Market values for endowments are updated in Fundriver quarterly. Updated market values for each quarter are available approximately 1.5 months... -
When are endowment spending budgets calculated?
Programmatic spending budgets for next fiscal year are calculated each fall for endowments that were fully funded as of the... -
When can a Distinguished Professorship endowment begin producing a spending budget?
A Distinguished Professorship (DP) endowment may begin spending prior to the state match being received provided the requirements established by... -
When should a gift be deposited to the University versus a Foundation?
The entity in which gifts must be recorded is generally determined by how the check is made payable, unless adequate... -
When should a grant be deposited to a Foundation versus the University?
Where a grant can be deposited depends on whether the grant is “specific” or “nonspecific”. See Definition of Gifts, Grants,... -
When was the NC State Investment Fund (NCSIF) established? Why?
The NC State Investment Fund, Inc. (Fund) is a North Carolina not-for-profit organization exempt from income tax under Section 501(c)(3)... -
When will a new endowment be added to Fundriver?
Fundriver is updated quarterly. New endowments created during a quarter will be added at the end of each quarter. Fundriver... -
When will a new endowment generate a spending budget?
New endowments with Memorandums of Understanding (gift agreements) that follow the board-approved endowment spending policy are eligible to begin spending...