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  3. When was the NC State Investment Fund (NCSIF) established? Why?

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) of the Internal Revenue Code and was established to support North Carolina State University (the “University”) by operating an investment fund for the Endowment Fund of the University and other University-affiliated foundations. There are no involuntary participants in the Fund pool.

The Fund, reporting under the guidelines of Governmental Accounting Standards Board (GASB), began operations in April 1999.

Read more:

https://foundationsaccounting.ofa.ncsu.edu/investment-fund/investment-fund-history/

Updated on October 15, 2020

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