Foundation Fund Administration
Fund management is an essential component of providing financial transparency to our donors which ensures our fiduciary responsibilities are met. In this session we will discuss endowed fund reporting as well as processes to ensure endowment spend allocations and current-use funds are being spent in a timely manner and how the donor intended. We will also discuss fund management best practices to ensure donor's wishes are being fulfilled. Foundation project Administration was established within University Advancement as a resource for campus partners. As fiduciaries of donor funds, Foundation Project Admin offers support, guidance, education, and training on the use of Foundation funds. We perform financial compliance reviews for departmental spending of restricted funds ensuring they are spent timely and according to donor intent. As donors are inspired to give, we have a shared responsibility to ensure their support is spent as intended. We strengthen our donor's relationship with the university through financial transparency with impact reporting for future contributions