Faculty Endowment Income Matching Program (FEMP) - BC*
|Activity:||Faculty Endowment Income Matching Program (FEMP)|
Things to Know:
Each unit has the responsibility of providing matching funds for endowed chairs or professorships. Matches must be made on accounts that have received contributions. In cases of an irrevocable deferred bequest, matching funds will be provided once all signatures are in place and the agreement becomes effective. Units receive a report from the UBO that provides information about the amount of matching funds that should be budgeted (Object code 9915-PRS and Object code 9915-SCH). In cases where accompanying funds exist at the foundation, the units will also be apprised of the projected amount of income they may budget in Object code 1179.
Refer to the Faculty Endowment Matching Program FAQ web site for details.
*BC - Budget Construction