Account Types
30-Accounts
Business Owner
Endowment Services
Business Rule
Endowed 30-Accounts that are funded by quarterly investment distributions from their related Endowment (57-Account) or are funded by transfers from other Endowed 30-Accounts, should be coded with END.
Definition
Endowed 30-Accounts are funded by quarterly investment distributions from their related Endowment (57-Account) and are intended to be used for expenditures. Each 30-Account is linked to a specific 57-Account. Expenditures from endowment distributions 30-Accounts are restricted by the type of endowment and by the donor criteria. Generally, this type of 30-Account may not receive additional gift funds, unless gifted by the endowment donor for the purpose of immediate expenditure.
Fund Type Category
Endowed 30-Accounts
Report Code
END
Report Code Definition Type
Report Code
Report Code Group
Field 1
Sort Key
10301
Updater
Financial Accounting & Reporting (FAR)