How do I know when a BTE fund has reached the required minimum?
For BTE funds in the foundations, staff reviews BTE’s monthly to identify those that have achieved the required minimum balance. Then we notify the foundation development officer by memo of the funds that have reached endowment level and advise them we will be investing those funds in the foundation’s long-term investment pool. We allow time for the development officer to respond in case the donor has requested a portion of the funds not be endowed and left for spending. If there is no response from the development officer, staff will endow 100% of the balance in the BTE fund. Distinguished professorship BTE’s in the University Endowment Fund are reviewed at least quarterly to determine if the minimum level specified for a matching grant from UNC-GA has been achieved. The Chancellor’s Office then sends a letter to the Office of the President notifying them of the fund balance and requesting the matching funds. When those matching funds will be disbursed by UNC-GA is dependent upon the
