endowment reporting finance director presentation april 17, 2012 presented by: jennifer hinkle with...
TRANSCRIPT
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)
Endowment Overview: Like a Mutual Fund
Price per share (Market Value: 1/31/12)
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
3 Options to Utilize Payout:
ETS Reports
• Frequency: Quarterly – Monthly or ad-hoc reports provided
upon request
ETS Reports• Location: GWDocuments
• Report Types: 5 – Description– Payout Rollforward– Payout Drawdown– Gift– Corpus
Description Report
Payout Rollforward Report
Drawdown Report
Gift Report
Corpus Report
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.
FAQ: Calculate Total Payout Available as of Report Date
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)
FAQ: Calculate Total Payout Allowed to be Spent as of 7/1/11
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
FAQ: Calculate Annual Payout
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