Endowment Services
Location: 344 Peterson Service Building 0005 Phone: (859) 257-6465 Fax: (859) 257-9411
The department provides the University of Kentucky and its affiliated corporations with overall coordination of endowment accounting and financial reporting of endowed funds in accordance with the policies established by the University of Kentucky.
Responsibilities include: Coordinate the set-up of new endowment accounts in SAP, Perform monthly endowment accounting, Administer charitable trusts and gift annuities, Coordinate the liquidation of donated securities, Provide endowment stewardship reporting to the Office of Development, and Provide financial reports required by the Council on Postsecondary Education relating to RCTF endowments and research priority areas.
- Endowment Fund Creation Request Form (PDF)
- SAP Endowment Account Request Form Instructions (PDF)
- Endowment Investment Policy (PDF)
- Endowment G/L Account Definitions (DOC)
- FY 07-08 Spending Rate (XLS)
- FY 08-09 Spending Rate (XLS)
- Estimating Income on Endowment Accounts (DOC)
- Historical Endowment Returns (PDF)
- Historical Endowment Values (PDF)
- RPA Code Instructions (DOC)
- Glossary of Endowment Terms (DOC)
| Donna Counts | Treasury Operations Director | 257-5830 |
| Kim Lush | Accounting Manager Senior | 257-6465 |
| Sharon Klock | Endowment Accountant | 257-7394 |
| Kristina Wyatt | Administrative Support Associate | 257-4758 |
By completing an Endowment Fund Creation Request Form.
Please see the link for "Endowment G/L Account Definitions." If further explanation is needed, please contact Sharon Klock or Kim Lush in Endowment Services.
Yes, please contact Sharon Klock or Kim Lush in Endowment Services. Also, see the following links on the Endowment Services home page:
Yes, on January 11, 2005 the Investment Committee of the Board of Trustees voted to reduce the current endowment spending rate of 5 percent to 4.75 percent in fiscal year 2006 and to 4.5 percent in fiscal year 2007. The Committee also voted to reduce the current endowment management fee of 1% to .75% in fiscal year 2006 and to .50 percent in fiscal year 2007. This action was taken to protect the value and related purchasing power of the endowment due to lower expected returns, as required by KRS 273.520 to 273.590.