F2 Endowment Funds ($400M in Fall 2028) |
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F2 Endowment Funds |
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Endowment Funds (total in millions)Total endowment is the total of true and term endowments and quasi endowments. True (sometimes called permanent) endowment is a fund created by a donor (or other external party) with the stipulation that the principal is to be maintained and invested in perpetuity to produce income, investment growth, or both. A term endowment is created when a donor (or other external party) specifies that the funds must be held and invested until the passage of a specified time or the occurrence of a specified event. The donor (or other external party) also specifies what is to be done with the income and investment growth during the specified period. In some cases, those earnings are subject to a purpose restriction established in the gift instrument. Endowment funds held by a foundation for the expressed use of the university are included. A quasi-endowment fund is created when an institution's governing board elects to invest currently available resources as if they were subject to endowment restrictions. Quasi-endowments also are referred to as funds functioning as endowments. Source: THECB; NRUF report |