How does the University of Rochester allocate grants?
An advised fund, by matter of law, is wholly owned and controlled by the University of Rochester, and each fund is segregated for accounting purposes. While final discretion on grants rests within the discretion of the University, the donor, or other fund advisor, is permitted to make grant recommendations for the consideration of the University. This is, of course, the essence of the word “advised” in the account title. For funds valued at $25,000 to $249,999, the University requires that at least 50% of the advised fund dollars be distributed to the University of Rochester or programs operated by the University. For funds valued at $250,000 to $999,999, only 25% must go to the University, and, for funds of $1 million or more, there is no required percentage of fund distributions that must go to the University. The donor may always choose to make a general unrestricted contribution to the University of Rochester, to be used by the University, along with other such gifts, in the manner
