To: University Business Managers
From: Dennis Press, University Controller
Date: May 17, 2011
This linked memorandum with attachment has been sent to affiliated foundations of the University. The memorandum provides information on special procedures for the June 2011 payout from the Chapel Hill Investment Fund needed to address the underwater endowment issue. The memorandum has been distributed to the University Business Managers listserv as an information item and to help ensure colleagues with affiliated foundations receive the information.