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Endowment Reporting Finance Director Presentation April 17, 2012 Presented by: Jennifer Hinkle with Renee Fitzmorris

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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 Presentation

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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