What kind of estimate of market value and income can I use for projection purposes?
Use a conservative estimate. Usually income and market value from last fiscal year are reasonable. What can I do with the money I received from a legal settlement, remainder of a fixed price contract. If there is no restriction on the money, you may open a quasi-endowment at the University. However, the time frame for using the money should be long (at least 3 years). In addition, you should decide what the purpose of the money will be. If you need a current income stream, GIP is the correct place for this account. If you would like principal appreciation, CEF is the correct place for this account.