Endowed gifts
Tips for managers
How an ISU endowment fund works
Endowment levels
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INSIDE IOWA STATE
June 14, 2002
Tips for endowment managers
- Keep a signed copy of the Memorandum of Agreement (available from
the ISU Foundation) on file.
- Read the agreement; if you don't understand it or believe that it needs
updating, contact Lisa Eslinger, ISU Foundation, 4-4626.
- Keep tabs on your account balances. Information is available on the
foundation's Web-Based Reporting System site. (A redesigned site that's more
user-friendly will be available next summer.)
- Spend available funds on time. Deficit spending is a "no-no," but so is
allowing large balances to accumulate in spending accounts.
- Document that expenditures meet the terms of the agreement.
- If you believe that endowment earnings aren't being used properly,
contact Johnny Pickett, university controller, 4-6218.
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