Underwater Endowment Funds Administrative Procedure
Procedure
The purpose of this document is to establish procedures guiding Wake Forest University’s management of underwater donor-restricted endowment gifts (i.e., determination, accounting, and spending of the gifts). A donor-restricted endowed gift is underwater when its market value is less than the original gift value (i.e., the Historical Dollar Value).
Related Policy
- The policy is incorporated into the procedures document.
Related Forms
- There are no related forms.