Policies & Procedures

Section: ###
Part: ###
Statement No.: ###
Date: 10/01/2014
University of North Carolina - General Administration
Administrative Policies and Procedures Manual
Title: Gifts and Endowment Income Trust Funds

FRS Account Number Range 6-17200 - 6-17999

PeopleSoft Fund & Source Range:

Fund:  181XX Endowment Unrestricted Income

Fund:  182XX Endowment Restricted Income

Source:  62XXX


Expenditures from gift and endowment income funds must be made prudently with the intent of the donor in mind and follow the restrictions set by the donor.  The primary purpose of an expenditure must be for the benefit of the agency's academic, research or public service mission and, therefore, not for the direct benefit of an employee.