endowment reporting
DESCRIPTION
Endowment Reporting. Finance Director Presentation April 17, 2012. Presented by: Jennifer Hinkle with Renee Fitzmorris. Objectives. Provide general overview of the endowment Endowment transaction process How to spend endowment payout ETS reports Frequently Asked Questions (FAQ). - PowerPoint PPT PresentationTRANSCRIPT
Endowment Reporting
Finance Director Presentation April 17, 2012
Presented by:Jennifer Hinkle with
Renee Fitzmorris
Objectives
• Provide general overview of the endowment– Endowment transaction process– How to spend endowment payout
• ETS reports • Frequently Asked Questions (FAQ)
How to Utilize Payout• Submit Endowment Request Form to Treasury
Management with supporting documentation attached.
• Form location ttp::: n n o : wu: u: trh fi a ce fficege d esur::a
Option 1:Payment Request (for Direct Charge)
Option 2:Funds Transfer (for Reimbursement)
New Form Section! Option 3:Payout Reinvestment
Something to keep In mind…
What specific information would be
useful for reporting back to the donor?
Required Information:-Requestor
-Endowment Fund
Required Information:-Requestor & Department Approval Signatures
ETS Reports• Location: GWDocuments
• Report Types: 5 – Description– Payout Rollforward– Payout Drawdown– Gift– Corpus
Trivia QuestionI have a new December 2011 gift coming in for an endowment, how can I estimate how much payout I will have to spend for the rest of FY12?A.If material/critical to your operating needs, contact the Endowment Analyst for information to calculate. If less critical, wait until the next ETS report comes out.B.Calculate price per share from ETS Description reports using total units and market value for your division.
Trivia Question
As of July 1, 2012, how much endowment payout is available for use?A.None B.The month of JulyC.Only unspent prior year payoutD.Unspent prior year payout PLUS all of the payout that will be allocated in FY13 (Jul-12 through Jun-13)
Trivia QuestionI won’t have my June reports until September. Is there a way I can ESTIMATE how much payout a fund will get in FY13?A.YesB.No
Jennifer HinkleSenior Endowment Analyst and Supervisor Comptroller’s [email protected](703) 726-1910
Renee Fitzmorris Manager, Gift and Endowment Administration Treasury [email protected](703) 726-4156