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Endowment Funds - Operating Instructions

Contents:

1. Purpose and definition of endowments
2. Governance
   1. Setting up a new fund
   2. Fundholders and signatories
   3. Reporting requirements
   4. Reserves policy
   5. Ceasing to be a fundholder
   6. Changes to a fund
   7. Minimum balance
   8. Closure or amalgamation of funds
3. Income
   1. General
   2. Tax position
   3. Income generation
   4. Research
   5. Other gifts
4. Expenditure
   1. General
   2. Procurement
   3. Tax relief on goods ordered
   4. Programme grants (including salary allocations)
   5. Salaries and expenses (in exceptional circumstances only)
   6. Travel, subsistence and accommodation
   7. Employee welfare and development
   8. Hospitality
   9. Patient welfare and amenities
   10. Gifts and presents
   11. Research expenditure
   12. Subscriptions
   13. Conference expenses
   14. Equipment
   15. Building works/refurbishment
   16. Education and training
   17. Community engagement activities
   18. General office expenditure
5. Application for Funding
6. Investment of Funds

Attached Files