University of Notre Dame Endowment Policies Donor Advised Funds Account Initiation Requests for new accounts are to be established by the presentation of an account request form from the Development office to the Accounting and Financial Services office. The form is to be properly signed by Development personnel and have supporting documentation attached. The form should outline the type, amount, and classification of account to be opened. The request is to be given to John Kush in Accounting and Financial Services for establishment of account. Gift Receipt All gifts are to be routed through the Development office for processing and acknowledgement (i.e., gifts received in the General Accounting office for departments, donors, etc. are to be taken to Development for processing). Earnings It is the University’s policy to withhold two quarters of income for gifts over $100,000 to the Endowment whose corresponding earnings reserve amount per unit is low. This is accomplished by reviewing earnings reserve reports of all endowments two time per year and surrendering fractional units to the reserve to bring it up to an acceptable level determined by the Manager of Endowment Fund Accounting.
Pages to are hidden for
"University of Notre Dame"Please download to view full document