Distributing Investment Income

The University's daily cash balances are invested by the Office of Investments and Banking through the Temporary Investment Pool (TIP).

See financial procedure Determining TIP Allocation within the Allocating Temporary Investment Pool Income Policy.

Other Income earned from investments is distributed to participants as follows:

See Policy 3.12.6 - Participating in the Group Income Pool and Procedure 3.12.6.1 - Contributing to and Withdrawing from the Group Income Pool.

Distributions are made four times a year (October, January, April & June) by Accounting Services.

See "Current CEF Rate" in the Rates Section of Policy 2.2.1 - Administering University Endowed Chairs for the CEF distribution rate.

Income may be reinvested, distributed to a current account or a combination thereof. A related current (target) account is established for each endowment account. A quasi-endowment must be set up to receive the "reinvestment" of income for a true endowment.

Permanent University Fund (PUF)

See Procedure 2.2.1.4 Calculating and Planning the Distribution of Endowment Income in the University policy, Administering University Endowed Chairs. The portion of a PUF endowment invested in CEF is subject to the CEF distribution procedure defined above.