6OXXXX - operating income and expenses

Endowment projects are funds received from donors, organizations or other outside sources that are held in perpetuity (true endowment) or for a specified period (term endowment) that are invested by the university. The income generated from the investment activity is made available to the university to be spent as directed by the donor. The university may also choose to set aside funds to be invested and used for university designated purposes (quasi endowment).

The Department of Restricted and Endowment Funds ensures that funds are deposited into the proper accounts and any activity against these accounts satisfies the donor's intended use of the interest generated by their contribution. The department is also responsible for opening new endowment projects and securing the appropriate correspondence necessary to support the creation of new accounts.