Can an endowment spend corpus? An endowment can spend up to 15% of corpus, unless the gift instrument specifies otherwise. Detailed information can be found...
How are endowment spending budgets calculated? Programmatic spending will be 4.0% of the average market value per unit of the long-term investment pool for each NCSIF...
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 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...