Total UK Endowment Market Value at June 30, 2024
Number of UK Endowment Funds as of June 30, 2024
endowment@uky.edu
Phone: (859) 257-7394
Fax: (859) 257-6236
In Endowment and Gift Accounting, we provide the University and its affiliated corporations with overall coordination of endowment accounting and financial reporting of endowed funds in accordance with the policies established by the University. We perform monthly endowment accounting, coordinate the establishment of new endowment funds in SAP, administer charitable trusts and gift annuities, coordinate the liquidation of donated securities, and provide endowment stewardship reporting.
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Email endowment@uky.edu or call Astri Karniani (859) 257-7394 for assistance.
Endowments are gifts from generous donors or grants from the Commonwealth of Kentucky that support the mission of the University through scholarships, professorships, basic research, or other purposes as defined by a formal agreement. The funds are invested in perpetuity in order to generate a reliable and steady stream of income for those goals.
Endowments are invested per the University’s Endowment Investment Policy.
Refer to the FY 24-25 Spending Rate calculation.
An annual management fee is assessed on the current market value of the endowment to support the administrative costs associated with carrying out the purpose of each endowment. This fee is processed monthly.
Refer to BPM E-22-1 Policies and Procedures for Soliciting, Receiving, Recording, and Acknowledging Gifts.
Refer to BPM E-22-2 Pledge Process Manual.
Refer to BPM E-22-3 Planned Gifts.
Refer to BPM E-22-4 Fundraising Events.
Complete and submit an Endowment Fund Create and Change Form. For your reference, here are instructions to complete the form.
Refer to the Special Endowment Form Change Hints for examples and directions.
The GL Hierarchy contains all endowment related GL codes categorized by contributed value and market value.
Refer to this listing of Common JV Transactions, contact endowment@uky.edu or call Astri Karniani (859) 257-7394 for assistance.
Open transaction ZGL_TRBR1_CUM – Endowment Trial Balance. Input the current fiscal year, reporting period and endowment fund number and then click execute. At the bottom of the Trial Balance screen, look for the credit amount on the line for “Spending Distribution Reinvested Available to Spend”. An amount up to this figure can be transferred via journal voucher to the spending distribution cost center associated with the endowment. See the listing of Common JV Transactions for the appropriate general ledger account combination to be used on the journal voucher.
The percentages should be based on the requirements of the organizational unit to meet the terms of the endowment agreement and to plan for future endowment spending goals. Changes to these percentages can be made by submitting an Endowment Create and Change Form.
The waiting period ensures that the endowment has had time to receive investment earnings that will build a spending reserve. This policy takes into account potential market fluctuations so that adequate spending distribution income will be available to better meet the donor’s objectives.
Open Transaction Code FM5S: Display Fund. Enter your endowment fund number and select Add UK Endowment Fields. The distribution percentage is at the bottom of the screen and will list the percentage of the spending distribution that is being distributed to the cost center and/or to the fund.
Refer to the Historical Endowment Returns document.
Refer to the Historical Endowment Values Bar Graph.