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  3. When are endowment spending budgets calculated?

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 prior fiscal year end. Campus is notified of these budgets prior to the December holiday break.

Spending budgets for new endowments that are UPMIFA (Uniform Prudent Management of Institutional Funds Act) compliant and are established during the current fiscal year and for distinguished professorships that receive Distinguished Professors Endowment Trust Fund (DPETF) matching from UNC-GA during the current fiscal year will be computed and communicated to campus by prior fiscal year end. This is known as the “Phase II” spending calculation.

Read more:

Foundations Accounting & Investment, Governance Documents.

Updated on March 1, 2020

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