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What does the Endowment box mean and what is it used for?
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The Fund 1 tab has a box labeled Endowment. If I check it what will happen?
Answer:
In the Fund Module on the Fund 1 tab there is a check box labeled Endowment. This check box indicates whether the Fund is an Endowed Fund. Select the check box if endowed, clear it if not endowed.
The box is for information purposes only and no procedures or special reports use this field automatically during processing. It is available to you as a selection in most fund reports.
Possible uses:
The box is for information purposes only and no procedures or special reports use this field automatically during processing. It is available to you as a selection in most fund reports.
Possible uses:
- Code a fund as a pass-thru fund using the fund class codes, but check off the Endowment box to indicate it is treated like an endowment.
- Code the fund as an endowed fund in the class codes, but un-check the box to indicate that legally it is a pass-thru fund.
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