New endowments with Memorandums of Understanding (gift agreements) that follow the board-approved endowment spending policy are eligible to begin spending in the fiscal year after the new endowment is created.
New endowments with gift agreements that prohibit spending of corpus are eligible to begin spending after accumulated investment earnings are sufficient to fund a spending budget.
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Endowment Spending and Distribution Policy
2021 Endowment University – Endowment Spending & Assessments