Beginning in FY 2022, a new software system will be implemented to track the contribution value, market value and annual payout for more than 4,000 individual endowment accounts across campus invested in the Chapel Hill Foundation Investment Fund (CHIF).

The purpose of this memorandum is to provide campus information on the June 2020 payout distribution to University and UNC-Chapel Hill Foundation Inc. endowments.  The approved distribution rate each year is targeted to be approximately 5 percent of market value, but the actual distribution could be lower if the endowment is underwater.   The term “underwater endowment” is used to mean one in which the endowment’s total market value is less than its historic book value or principal – i.e. the actual dollars contributed to the fund.

Given the safety and accessibility of these deposits to the campus community, and considering that the maximum weighted average maturity for an external money market portfolio is now 60 days, the University will begin to set the distribution rate to match the 90-day US Treasury Bill on a quarterly basis for all participating accounts beginning with the March 2014 distribution.

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 … Read more

To: University Business Managers From: Richard L. Mann, Vice Chancellor for Finance and Administration Date: August 20, 2009 This linked memo in PDF format serves as notification of a change in the distribution rates to participants in the University Money … Read more

To: Money Market Participants in the State Treasurer’s Short-Term Investment Fund (“STIF”) and the UNC-Chapel Hill Temporary Investment Pool (“Temp Pool”) From: Richard L. Mann, Vice Chancellor for Finance and Administration Date: June 25, 2009 A memo is now available … Read more