Name That Fund

Overview: FAS Endowment

Endowments: Behind the Scenes

• Donor gifts are received by Office of the Recording Secretary (RSO)
• Harvard Management Company (HMC) invests gifts by purchasing units in General Investment Account
• Payout rate is approved by Corporation each November for upcoming fiscal year
• Treasurer’s Distribution credited in July of each year
• Annual distribution = (average number of units invested in prior fiscal year) x (new unit rate after approved increase)
• Gifts < 1 year will receive a prorated Treasurer’s Dist.

Fund Valuation

• Endowment funds actually have two different values:
• Book Value: Value of actual gifts deposited into fund (object codes 3881,3882)
• Market Value: Book Value + Appreciation, what endowment is worth today if you were to "cash it in"
• Market Value is determined by:
• (# of Units) x (Current Month’s Unit Rate)

1567.4567 Units in the fund

x $2,138.98 Current unit value

$3,352,758.5321 Market value of the fund

Maximizing Funds

Section II:

Faculty Funds

Additional Funding Sources websites

• http://seo.harvard.edu/faculty-aide-program
• http://oue.fas.harvard.edu/icb/icb.do?keyword=k18059&pageid=icb.page498254

 

• http://oue.fas.harvard.edu/icb/icb.do?keyword=k18059&pageid=icb.page542267

 

• http://hlcra.harvard.edu/finding-funding/internal-funding-opportunities/william-f-milton-fund/

 

• http://provost.harvard.edu/funding

 

• http://drclas.harvard.edu/faculty-grants

 

• http://isites.harvard.edu/fs/docs/icb.topic1086272.files/Instructional_Lunch_Fund_2014_15_UPDATED_24Sept2014.pdf