Quasi Endowments

Funds functioning as endowments (often referred to as quasi-endowments) are used to report resources that the University, rather than the donor, has determined are to be retained and managed like an endowment. Principal and income of these funds may be utilized at the discretion of the University. Resources that the University sets aside to function as an endowment may be unrestricted or restricted as to the purpose or time of expenditure by an agent outside the University.
Source: NACUBO Accounting Tutorial – Endowment Definitions

Quasi Endowments

  • Established by the University, not by specific donor intent
  • Can be liquidated by the institution – in whole or in part
  • Receive distributions like true and term endowments
  • Invested in the pool with true and term endowments