Policies & Procedures

Section: ###
Part: ###
Statement No.: ###
Date: 05/31/09
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

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.