Endowment funds are an important part of the University’s operations and play an integral role in helping the University achieve its goals. Endowments provide Columbia with a permanent source of funding to support professorships, financial aid, research, capital projects, schools, departments, institutes, centers, and more.
CU endowment funds:
- True Endowments are created by donor-restricted gifts, and require the University to maintain the fund in perpetuity.
- Either a donor or the University may create a quasi endowment, which is a fund treated as an endowment but where the principal may be fully expended.
- Each School or Department may spend the annual Trustee-approved endowment spending distribution, in accordance with the Terms & Restrictions for each endowment and is responsible for compliance with those Terms & Restrictions of each endowment.
The Office of Endowment Compliance serves as the centralized resource for the administration and compliance of endowment funds. Please see the Endowment Administration and Compliance internal website (www.endowmentadmin.columbia.edu) for:
- Policies, procedures, and forms relating to the administration of endowments.
- Endowment Term Sheets: A web-based tool that departments access for key Terms & Restrictions information
- Registration for training: Those making decisions about or approving expenses on endowment accounts are required to attend Endowment Admin & Compliance training. This training is also required for access to the Endowment Term Sheets.
>> GO TO ENDOWMENT ADMINISTRATION
