Endowment Structure, Types, and Terms
Structure
To understand how the accounting structure works, please see the chart below. The market value of an endowment is based on a combination of donations and investment earnings less the annual distribution.
Types
There are three types of endowment distribution classifications:
- Restricted: The donor restricts the distribution to certain uses (e.g. scholarships, bursaries, research centre)
- Designated: The Foundation Board restricts the distribution to certain uses, usually at the time of the gift or bequest.
- Unrestricted: When there is no restriction and the distribution can be used for any purpose.
Terms
To find out the type of endowment supporting your area, and the terms associated with it, please contact:
Heather Gropp, Donor Relations Agreement Officer
agree@uvic.ca
Endowment Reporting Tips & References
Click the following links to: