405.1 - University of North Carolina at Chapel Hill Procedure on Adding and Withdrawing Endowment Funds

Procedure Statement

Addition of endowment funds

Gifts are received via automated journal entry batches to the established endowment accounts. Each month Accounting Services verifies available cash in the University endowment accounts and wire the funds to the Investment Fund.

For additions to endowment principal that are not gifts, the department must complete an Account Adjustment Request Form, and submit to Accounting Services. Accounting Services will review the request, verify funds availability and approve the request for posting.

Withdrawal of endowment funds

The disbursing authority of the endowment account should submit the following:

  • A memo to the University Controller requesting withdrawal with a detailed explanation of circumstances for such withdrawal, including an approval signature from the Dean's office, Division Head, or Departmental Chair.
  • Completed University Endowment Fund Withdrawal Form with specific FRS account number, name and the amount to be withdrawn.
  • An Account Adjustment Request Form to move withdrawn amount to the appropriate accounts(s).

Forms and Instructions

Related Data

Related Policies

  • Finance Policy 405 - University of North Carolina at Chapel Hill Policy on Endowment Fund Addition, Correction and Withdrawal



  • February 1, 2010
100% helpful - 1 review


Article ID: 131514
Thu 4/8/21 9:10 PM
Tue 10/31/23 1:18 PM
Effective Date
If the date on which this document became/becomes enforceable differs from the Origination or Last Revision, this attribute reflects the date on which it is/was enforcable.
02/28/2018 12:00 AM
Issuing Officer
Name of the document Issuing Officer. This is the individual whose organizational authority covers the policy scope and who is primarily responsible for the policy.
Issuing Officer Title
Title of the person who is primarily responsible for issuing this policy.
Int. ED Assoc. Entities/Assoc Controller
Last Review
Date on which the most recent document review was completed.
02/28/2018 12:00 AM
Last Revised
Date on which the most recent changes to this document were approved.
02/28/2018 12:00 AM
Next Review
Date on which the next document review is due.
02/01/2020 12:00 AM
Date on which the original version of this document was first made official.
07/01/2007 12:00 AM
Responsible Unit
School, Department, or other organizational unit issuing this document.