Endowment Funds: funds whose principal is nonexpendable and is
invested for the purpose of producing income.
Endowment Income – Fund 100 - Income from an
endowment that is not restricted by the donor and can be spent
on any institutional need.
- Quasi Endowment
– Fund 210 (unrestricted) & 350 (restricted) - Funds that are
treated like an endowment, i.e. principal is invested and only
return on the investments can be spent. The source of
these funds can be general funds (unrestricted)
or restricted gifts and bequests that were not designated
for an endowment by the donor but the administration decided
to treat them like an endowment.
Endowment Income – Funds 320 and 321 - Income from an
endowment that can only be spent for purposes stipulated by
- Term Endowment
– Fund 352 (restricted) - Gifts that are
treated like an endowment for a specified time. At the
end of that time, if the fund reaches its goal, it becomes a
true endowment. If it doesn’t, it reverts to spendable
restricted gifts (fund 310).
- True Endowment
– Fund 400 - A
gift that is invested in perpetuity. Only the return on
the investment can be spent.