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What is a BTE?

BTE
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What is a BTE?

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A BTE is a fund that is Building To (the minimum) Endowment level. Minimum endowment levels have been established for certain types of endowments. Also, donors may specify an endowment level above the minimum set by the University in their endowment agreement. BTE’s are allowed a five-year period to achieve the minimum required level. If the BTE does not reach the required minimum within 5 years, it will be reclassified to a regular restricted fund and the balance in the fund may be spent in accordance with the stated purpose.

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