Why can money in some parts of the endowment be used to meet needs in other areas? Isn the endowment one big financial pool?
Although the endowment is pooled for investment purposes, it is actually composed of many individual funds, most of which are restricted in some way. They may be restricted as to the amount that is expendable—only income in excess of the original principal value may be spent —or as to purpose—to be spent only in accordance with the donor’s instructions; most of the endowment funds carry both restrictions. Less than 10% of the funds in the endowment are entirely unrestricted for general Institute budget purposes.
Related Questions
- Wouldn’t it be more practical for these big population areas to build more lakes and reservoirs to supply their needs like they have done in the past?
- May Title I Funds be used to meet the needs of English Language Learners students in a Schoolwide Program?
- What types of assistance will be used to meet the demonstrated financial need?
