New to Higher Education

Expand all | Collapse all

Endowment

  • 1.  Endowment

    Posted 12-10-2018 10:56 AM
    Our Advancement Office just alerted us to the fact that a few small gifts were posted to the College's annual fund that should have been posted to our endowment in October 2017. Do I have any other appropriate choices on how to handle this aside from opening the endowment from October 2017 and recalculating units and distributions?

    ------------------------------
    Ann McGowan
    Comptroller & Assistant Treasurer
    Utica College
    ammcgowa@utica.edu
    ------------------------------


  • 2.  RE: Endowment

    Posted 12-11-2018 08:36 AM
    We make the change to the endowment the same month that our Advancement Office discovers the change.  If you're talking small gifts, then it's that cost benefit analysis and how much would the earnings have changed for that particular fund.​

    ------------------------------
    Shirley Goodell-Lackey
    Controller
    Saint Michael's College
    sgoodell-lackey@smcvt.edu
    ------------------------------