How do I reinvest earnings received from the University of Alabama System Pool?
Earnings from the Pool may be reinvested 1) as a lump sum or 2) monthly. Once these earnings are reinvested, they are treated as endowment principal and are not spendable at a later date unless approved by the Board of Trustees. If the lump sum option is selected, the minimum amount reinvested must be a least $2,000. A board resolution must be approved prior to reinvesting the lump sum amount back into the Pool. If a department wants to reinvest the earnings monthly, they may make this decision any time during the year. A board resolution will be prepared after the goal for monthly reinvesting has been achieved. Contact Darryl Brown to request the necessary form.
