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Endowment Reporting

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).

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Endowment Reporting

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

  2. Objectives • Provide general overview of the endowment • Endowment transaction process • How to spend endowment payout • ETS reports • Frequently Asked Questions (FAQ)

  3. Endowment Overview: Like a Mutual Fund Price per share (Market Value: 1/31/12)

  4. How to Utilize Payout • Submit Endowment Request Form to Treasury Management with supporting documentation attached. • Form location http://financeoffice.gwu.edu/treasury/

  5. Required Information: -Requestor -Endowment Fund Option 1: Payment Request (for Direct Charge) Something to keep In mind… What specific information would be useful for reporting back to the donor? Option 2: Funds Transfer (for Reimbursement) New Form Section! Option 3: Payout Reinvestment Required Information: -Requestor & Department Approval Signatures

  6. 3 Options to Utilize Payout:

  7. ETS Reports • Frequency: Quarterly • Monthly or ad-hoc reports provided upon request

  8. ETS Reports • Location: GWDocuments • Report Types: 5 • Description • Payout Rollforward • Payout Drawdown • Gift • Corpus

  9. Description Report

  10. Payout Rollforward Report

  11. Drawdown Report

  12. Gift Report

  13. Corpus Report

  14. Trivia Question I 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? • 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. • Calculate price per share from ETS Description reports using total units and market value for your division.

  15. FAQ: Calculate Total Payout Available as of Report Date

  16. Trivia Question As of July 1, 2012, how much endowment payout is available for use? • None • The month of July • Only unspent prior year payout • Unspent prior year payout PLUS all of the payout that will be allocated in FY13 (Jul-12 through Jun-13)

  17. FAQ: Calculate Total Payout Allowed to be Spent as of 7/1/11

  18. Trivia Question I won’t have my June reports until September. Is there a way I can ESTIMATE how much payout a fund will get in FY13? • Yes • No

  19. FAQ: Calculate Annual Payout

  20. Questions? Renee Fitzmorris Manager, Gift and Endowment Administration  Treasury Management rfitzmor@gwu.edu (703) 726-4156 Jennifer Hinkle Senior Endowment Analyst and Supervisor Comptroller’s Office hinklej@gwu.edu (703) 726-1910

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