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Donations which are to be restricted to Endowments must be $25,000 or more. These funds cannot be spent. Earnings from these funds will be used as directed by the donors.
All expenditures of restricted donated funds to the University must be made in accordance with the restrictions stipulated by the donors and accepted by the University. Financial Services has stewardship responsibility for these funds. Expenditure or transfer of these funds is approved as part of the University's budget process. The only exception to the above are scholarships and grants issued by Financial Aid.