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Endowed Funds (Fund numbers beginning with a 1)
  • Gifts cannot be spent and are held in perpetuity.
  • Gifts are invested in the Pooled Investment Portfolio to earn investment income.
  • Annually, a spending budget is established, based on the UT Endowment Spending Policy.
    • The budget is taken from the accumulated investment income.

    Example

    Donor Alumni Scholarship
    #1300999
    Permanently Endowed Gifts   $ 1,391,288.20
    Endowed Investment Earnings   $ 594,999.49
    Endowed Spending Budget   $  54,300.00
    Pledges Outstanding   $  100,000.00
    Total Fund Value   $  2,140,587.69
Permanently Endowed Gifts:
  • Donor gifts are recorded to the permanently endowed portion. If a donor contributes $100,000 to the above fund, the Permanently Endowed Gifts balance will increase to $1,491,288.20.
Endowed Investment Earnings:
  • Investment earnings from the Pooled Investment Portfolio are recorded to this portion of the fund.
  • The earnings can be positive or negative, based on the market returns of the portfolio.
  • The Endowed Spending Budget is funded from this portion of the fund.
Endowed Spending Budget:
  • An annual budget is determined and funded from the Endowed Investment Earnings.
  • UT Departments can request to have unspent budget carried forward to the next fiscal year.
Pledges Outstanding:
  • These are donor financial commitments that have not been received by the Foundation. When a donor makes a payment on a pledge, the pledge's outstanding balance will decrease and the permanently endowed gifts portion will increase.
Administrative Fee on Endowed Funds

Endowed funds are assessed an administrative fee of 1.25% annually. The rate is approved by the UT Foundation Board of Trustees.

The UT Foundation assesses the fee in July for the entire fiscal year.

Non-endowed Funds (Fund numbers beginning with a 2).
  • Gifts can be spent at any time.
  • Does not earn investment income
  • .
    • Why? Because these funds are available to be spent right now, they should not be exposed to the risks of the market.
  • No administrative fee.
  • No budget is needed because all of the funds can be spent at any time as long as there are no encumbrances.

    Example

    Donor Alumni Scholarship
    #2400999
    Non-endowed Gifts   $ 1,391,288.20
    Pledges Outstanding   $  100,000.00
    Total Fund Value   $  1,491,288.20
Spendable Gifts:
  • Non-endowed gifts are fully spendable.
Pledges Outstanding:
  • These are donor financial commitments that have not been received by the Foundation. When a donor makes a payment on a pledge, the pledges outstanding balance will decrease and the non-endowed gifts portion will increase.