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  3. When will a new endowment generate a spending budget?

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 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.

Read more:

New Endowment Spending Budgets

Updated on March 17, 2020

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