How are endowment funds invested?
A. Most of the endowment funds are pooled and invested by Managing Agents into marketable securities for long-term growth and earnings, while assuring that principal remains protected. Q. What’s the difference between University and Foundation Endowments? A. The University of North Carolina at Charlotte and the Foundation of the University of North Carolina are two separate legal entities, each with its own tax I.D. number. When an endowment is set up, the determination as to whether it is a University or Foundation endowment is according to which legal entity the donor’s gift is made. If a Foundation endowment is established for the purpose of funding University scholarships, a University “spending fund” will be set up that will receive income from the endowment and from which the expenditures for the scholarship awards will be made. Q. What is a “quasi-endowment”? A. A quasi-endowment is a fund that is treated like an endowment for investment and spending purposes, but does not actua
