To: University Business Managers
From: Dennis Press, University Controller
Date: March 16, 2010
The linked memorandum was sent to affiliated foundations of the University. The memorandum provides information on special procedures for the June 2010 payout from the Chapel Hill Investment Fund needed to address the underwater endowment issue. The memorandum was distributed to the University Business Managers listserv as an information item and to help ensure colleagues with affiliated foundations receive the information.