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How is a Building to Endowment (BTE) fund different than a restricted fund?

A BTE fund is a type of restricted fund. The main difference between a BTE fund and a regular restricted fund is that spending is not permitted from a BTE fund. After a BTE fund has completed building to the university endowment minimum or the minimum set by the donor, the endowment follows the approved spending policy.

In contrast, a regular restricted fund can be spent at any time in accordance with the donor specified purpose.

Updated on June 20, 2023

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