Policy Purpose:
- The Memorandum of Understanding (MOU) section provides directives on the donor(s) objective with regard to the endowment, through description of how the endowment is established, funded, and awarded. The MOU will also serve as a future source of information as to expenditures from the endowment. The Policy on Endowments has set forth the minimum at $25,000 for establishment. The minimum for a quasi-endowment is $5,000, with provisions for how/when it may become a fully-funded endowment. Refer to the Naming Policy for the minimum amounts required for chairs and professorships.
- The ETSU Foundation Restricted Fund Agreement (RFA) is a one-page agreement that consolidates all pertinent information needed for the establishment and direction of a restricted fund account. The minimum amount required in order to set up a new restricted fund is $500.
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Responsible Office
University Advancement -
History
Policy Effective Date: 8/22/2016
Policy Revision Date: 06/15/2021; 02/15/2021; 11/8/2017