Distributions to the University

Distributions are made from the UNE Foundation to the University twice per year.

Non-endowed funds (those which are expected to be fully expended within a short period, usually a year), are held in cash or cash-like deposits and released to the University on request subject to the requirements of the donor being satisfied.

Endowed funds (those for which the capital is to be preserved and the benefits to the University accrue from the earnings of those funds) are distributed according to a formula approved by the Board of Directors of the UNE Foundation.

The Foundation is required to distribute 4% of its net assets annually in line with the Public Ancillary Fund Guidelines 2022. This is based on the net asset value at the end of the previous year. Any income from funds in excess of the distribution are attributed back to the specific fund in terms of the agreement with the donor.

Before releasing funds to the University, the UNEF Board ensures that the proposed purpose is in accordance with the wishes of the donor and meets the criteria (if any) established.

The arm’s length relationship between UNEF and the University means that funds are only available to the University with the approval of the UNEF Board.