23. Endowment Funds
23.1 Gifts, benefactions and donations
The Treasurer is responsible for maintaining financial records in respect of gifts, benefactions and donations made to the University and initiating claims for recovery of tax where appropriate.
23.2 Student welfare and access funds
The Treasurer will prescribe the format for recording the use of student welfare funds. Records of access funds will be maintained according to HEFCE requirements.
23.3 Endowment funds
23.3.1 The Treasurer is responsible for maintaining a record of the requirements for each endowment fund and for advising the Finance & General Purposes Committee on the control and investment of fund balances.
23.3.2 The Finance & General Purposes Committee is responsible for ensuring that all the University’s endowment funds are operated within any relevant legislation, the specific requirements for each fund and the investment of fund balances.
Return to Financial Management and Control
Financial Regulations - Contents
- General Provisions
- 1. Background
- 2. Status of Financial Regulations
- Corporate Governance
- 3. Council
- 4. Designated Officer
- 5. Committee Structure
- 6. Other Senior Managers with Financial Responsibility
- 7. Risk Management
- 8. Public Interest Disclosure (Whistleblowing)
- 9. Code of Conduct
- Financial Management and Control
- 10. Financial Planning
- 11. Financial Control
- 12. Accounting Arrangements
- 13. Costing and pricing
- 14. Audit Requirements
- 15. Treasury Management
- 16. Income
- 17. Research Grants and Contracts
- 18. Other Income-Generating Activity
- 19. Intellectual Property Rights and Patents
- 20. Expenditure
- 21. Pay Expenditure
- 22. Assets
- 23. Endowment Funds
- 24. Other