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Are there special rules for endowment transfers?

April 26, 2017endowment rules special transfers

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Are there special rules for endowment transfers?

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-You must be investing actual funds (not budgeted income). -It’s important to code properly whether addition (from 93 sub) or reinvestment (from 94 sub); donor reports rely on 7562/7512 codes -Transfers should be from 30 to linked 57 endowment (see GBR screen) unless 30 account is VD/VP or a holding account. -Funds should only be transferred to the 20 sub of the 57 account; 22 sub is for short-term Dreyfus interest, 21 sub is for LTF buy-in.