Also, this distribution level will allow the principal to grow and support future needs. At the end of each quarter, an average of the 162-LT market value for the past 36 monthly valuations is calculated. The earnings are made up of both interest income and capital appreciation. Payments will be paid if it complies with account terms, sufficient funds exist, and it conforms to pre-audit guidelines. All checks are deposited to fund 162.
General guidelines are as follows.
Funds to be spent in current fiscal year, or within 4 years to fund 162-intermediate. Route form for signatures required, and send to UW Trust Funds. Deposit forms must be approved by Dean to ensure compliance with relevant guidelines. If the donor set very specific numbers or amounts of awards to be generated from the account, the terms will provide this information. In the event the terms provide no specific number or amount, the department has full discretion in the structure of the scholarship or award.