Q:
What is the difference between endowment allocations for spending, asset
allocations, and investment returns?
A:
Spending allocation is what is available to spend based upon 4 1/2
percent of a rolling three-year average.
Asset allocation
refers to the percentage invested in equities (60-70%) and fixed income
(30-40%).
Investment returns
are the increases added to the endowments that enable the accounts
to provide the spending allocation without using the principal. In
2005, the endowed fund earned 7.2%.
Q:
How do I know what
expenses are allowable with WKU Foundation funds?
Q:
How much is required
to create an account within the WKU Foundation?
Q:
What are Endowed and
Non-Endowed accounts?
A:
The investment
objective for the endowed assets of the WKU Foundation is to achieve
growth that will preserve and increase the purchasing power of the
assets.
The investment
objective for non-endowed assets is to preserve principal and to provide
a prudent income consistent with the maintenance of liquidity needs
and capital stability.
Q:
Why am I only allowed
to spend a certain amount from the endowed account?
A:
In
order to provide current support and insure support in the future,
the trustees have adopted a total return approach to investment management
with a long-term investment horizon. This strategy will balance income
and capital appreciation oriented assets to generate the desired returns
determined by the Foundation's Board of Trustees.
The annual spending is calculated by hand. It is 4 1/2 percent of
a rolling three year average.
Q:
I sent you a purchase
order; however, I have not received the items yet. Did you send that in
for us?
Q:
What are the procedures
for reimbursing new faculty for moving expenses? Is there a limit?
A:
As of October
1, 2003, the WKU Foundation is adhering to the University's moving
expense policy. The limitation is $10,000.
Q:
I do not understand
the transactions on the Project Activity Report. Is there a way to know?
Q:
What is the difference
between charitable and non-charitable items?
Q:
Are there any tips
that might help me deal with deposits?
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