USES OF G&E FUNDS
Unless indicated by the Donor, PU Endowment Fund Board of Trustees shall decide on the use of the G&E Funds. This includes Academic & Internationalisation; Research; Talent Development; Resources, Community & Industry Engagement Activities and/or Projects; and all other uses deemed fit by the University.
SPENDING, INVESTING AND DISBURSEMENT OF G&E
In order to preserve the real value of PU’s G&E Assets, a spending rate can be proposed that strikes a reasonable balance between current spending outlays and reinvestment of the remainder to support spending in the future. An appropriate percentage of market value will be set annually by the PU Endowment Fund Board of Trustees.
All G&E Funds shall be invested in accordance with PU Investment Policy.
Disbursement of G&E
Disbursement Policy for ‘restricted’ G&E is based on Donors’ Terms of Reference, and ‘unrestricted’ G&E is in accordance with procedures under Section 9 (3) of the Financial Procedure Act 1957.