University Resources, Operations and Policies

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  • Office of University Advancement


    Policy Statement                                                               

    It is the policy of Adelphi University to adopt and adhere to standards that are designed to ensure the proper management, administration and compliance of restricted endowment funds.

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    Reason for Policy                                                                    

    The purpose of this endowment policy is to set forth principles and procedures that are designed to ensure the University complies with its responsibility to properly manage and administer its endowment funds.

    The primary objectives of the management and administration of endowment funds are to:

    • Ensure that all endowment gifts are properly recorded on the books and records of the University (General Ledger).
    • Ensure that the income from endowment funds is spent in accordance with the donor’s intent.
    • Ensure that the endowment spending policy approved by the Board of Trustees is properly calculated and allocated to each fund.

    Who Is Governed by this Policy                                         



    Robert DeCarlo

    Document History                                                      

    • Last Reviewed Date: October 19, 2017
    • Last Revised Date: October 19, 2017
    • Policy Origination Date: Not known                

    Who Approved This Policy                                                  

    Robert DeCarlo, Chief Financial Officer



  • Office of University Advancement
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