Education
Annual Endowment Spending Distribution
Transferring the authorized spending amount from the endowment to the operating budget.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash (Operating) | Asset (+) | 50,000.00 | - |
| Endowment Investment Account | Asset (-) | - | 50,000.00 |
| Net Assets Released (With Restrictions) | Equity (-) | 50,000.00 | - |
| Net Assets Released (Without Restrictions) | Equity (+) | - | 50,000.00 |
💡 Accountant's Note
Universities don't spend the whole endowment. They 'distribute' a set percentage (usually 4-5%) each year to fund operations and scholarships.
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