Endowments

Extramural Fund Accounting is responsible for the financial processing of Regents Endowments. There are two types of Endowments

True Endowments

• Can only be done through donor designation
• UC Regents minimum is $10K to start
• Any amount can be invested thereafter

FFE (Fund Functioning as Endowments)

• UC Regents minimum is $10K to start
  • Fill out an Attachment A
• Additional investment or withdrawal min. $1k
  • Fill out an Attachment B
• If you receive a gift for an endowment and the amount is less than $1k, the gift needs to be deposited into a current use gift fund until the $1k threshold is met. Once the threshold is met an Attachment B can be submitted. If needed a new current use gift fund can be established.

 

Useful Information:

Endowment Fund Ranges:

13000-13999 Endowments Regents

16000-16999 Endowments Regents

34100-39799 Endowments Regents

93000-93999 Endowments Regents

41100-41999 UCSB Foundation Current Use Gifts and Endowments (Please contact UCSB Foundation)

 

• There is an annual payout for Regents Endowments in the Sept/Oct timeframe. Here is a link to the annual payout information:

http://www.bfs.ucsb.edu/regents-endowments

• We have a new pdf version of the UDEV form.

Here is the new form to use.  Click the link to open in a new window: Regent's Udev
Please Note: If you experience an error message while trying to open it, please just right click over the link and download the form to your computer.

• The UCSB Foundation Website hosts the Regents Endowment information.

http://www.foundation.ucsb.edu/regents.html

 

Contacts:

Regents gift/endowment accounting questions: Shannon Johansen 893-4095

UCSB Foundation gift/endowment accounting questions: Amanda Turner 893-3100

Gift Administration questions: Dawn Senchuk 893-3808