You will need to confirm as if the endowment is from the education department it is not countable. It sounds like the foundations only fund study in Cairo. If that is your bucket then I think you could count the income.
John Taylor
919.816.5903
johntaylorconsulting@gmail.com
Big ideas; small keyboard
> On Jun 28, 2019, at 6:26 PM, Lundgreen, Preston <
preston.lundgreen@uafoundation.org> wrote:
>
> Thanks John! We’ve not received all the documentation yet, but what we’ve found online doesn’t fit into the neat box our hardworking development staff. We are currently assuming that the endowment portion of the funds are those from Ford and Mellon but waiting for confirmation.
>
> CASA receives its primary funding from the United States Department of Education, under the Group International Study Abroad Program. In addition, CASA is supported by two endowments from the Ford and Mellon foundations when the program is able to send students to Cairo.
>
>
> Preston Lundgreen
> Director, Development Records Quality & Services
> Development Research & Resources
> <image010.jpg>
> 1125 N Vine Ave, Suite 212
> Tucson, AZ 85721-0109
> Office: 520-621-5514
> Fax: 520-626-8211
> Email:
preston.lundgreen@uafoundation.org
> <image011.png><image012.png>
>
> From: Advancement Services Discussion List [mailto:
FUNDSVCS@LISTSERV.FUNDSVCS.ORG] On Behalf Of John Taylor
> Sent: Friday, June 28, 2019 2:49 PM
> To:
FUNDSVCS@LISTSERV.FUNDSVCS.ORG
> Subject: Re: [FUNDSVCS] Rotating Endowment
>
> I couldn't begin to suggest a viable option without knowing how the endowment was funded. If with state monies then there isn't anything you can count. If from private funds, I could be convinced to count the income stream whilst you are the beneficiary, but I'd need to review the endowment agreement first.
>
> John
>
> John H. Taylor
> Principal, John H. Taylor Consulting
> 2604 Sevier St.
> Durham, NC 27705
>
johntaylorconsulting@gmail.com
> 919.816.5903 (cell/text)
>
> Serving the Advancement Community Since 1987
>
>
> On Fri, Jun 28, 2019 at 5:38 PM Lundgreen, Preston <
preston.lundgreen@uafoundation.org> wrote:
> Hi All:
>
> We are part of the CASA consortium
https://casa.fas.harvard.edu/casa-consortium where the endowment is held by a university to support the program for no longer than 10 years and is then passed to another university. The proceeds from the fund are to be used to support the mission of the center while it is on each campus and then moved on to the next university.
>
> There has been some lively discussion about how we account for these funds. Do we enter them as a charitable contribution? Consider it sponsored research? Count only the proceeds as charitable? All of these options have been suggested. I have my own opinion, but would love to hear how others have handled this in the past or how they would expect to handle this if it were on their desk today.
>
> Thanks,
>
> Preston Lundgreen
> Director, Development Records Quality & Services
> Development Research & Resources
> <image007.jpg>
> 1125 N Vine Ave, Suite 212
> Tucson, AZ 85721-0109
> Office: 520-621-5514
> Fax: 520-626-8211
> Email:
preston.lundgreen@uafoundation.org
> <image008.png><image009.png>
>