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CHAPTER 5 - SPECIAL PROGRAMS, PUBLICATIONS, AND PROJECTS

Sec. 5.20. Reinvestment of Endowment Earnings

In accordance with Endowment Policy Guidelines adopted by the Board of Regents for The University of Texas System, the deans of the colleges and schools should initiate action through the Vice President for Business Affairs each year to reinvest into the corpus of endowment accounts collectively, with an expectation that reinvested earnings on individual accounts will vary considerably in a particular year due to differing expenditure requirements for each endowment. The purpose of this policy is to protect against erosion of the purchasing power of endowment funds due to inflation.

Following the end of each fiscal year, reports pertaining to the reinvestment of prior-year earnings are to be prepared by the deans and transmitted to the President of The University. The reports are due not later than October 15 and should be prepared in a uniform format as prescribed by the Vice President for Business Affairs.