To: University Business Managers
From: Dennis Press, University Controller
Date: June 6, 2012
This linked memorandum is being sent to affiliated foundations of the University. The memorandum provides information on special procedures for the June 2012 payout from the Chapel Hill Investment Fund needed to address the underwater endowment issue. The memorandum is being distributed to the University Business Managers listserv as an information item and to help ensure colleagues with affiliated foundations receive the information.