The University of Georgia Foundation Endowment Requirements :: Fund Administration :: UGA Foundation

 


Endowment Requirements

POLICY: 5.4
Effective Date: 01/01/2004
Last Updated: 05/15/2015
Policy Owner: Coyle, Cindy

An endowed gift is one in which the original principal is never invaded and the gift exists in perpetuity. Endowments are generally funded within five years of the initial contribution. Income is distributed annually pursuant to spending policies adopted by The University of Georgia Foundation and no income will be distributed until the endowment is fully funded.

There is no limit for donating gifts to already existing endowments, but the following schedule lists the minimum requirements for establishing new endowments. Please note that the actual types of support provided by the endowments will be specified in the fund agreement.