Policy Steward: 
Director of Financial Accounting and Reporting
Format Updated: 
University Policy & Standards Converted: 
Revision Date: 
Monday, January 25, 2010

This information replaces FIS 707 Endowments


Endowments are donations from a donor where the donor specifies that the principal cannot be expended.  The money is invested in stocks by the Oregon University System.  The spending rate is determined by the State Board of Higher Education based on a 5-year moving average over the entire pool of investments of the OUS.  These funds (6XXXXX) are distributed and posted on a monthly basis to appropriate restricted gift funds.

Endowment fund investments are pooled system wide.  The Controllers Division is responsible for calculating the gain and loss on these investments.  The institutions cannot make any entries that reduce Endowment Funds.  For more information, contact the Office of Business Affairs at 7-0624.

Reference: OSU Investment Policy (formerly IMD 6.140).