Funds functioning as endowment (quasi-endowment funds)

What is Funds functioning as endowment (quasi-endowment funds) ?

Funds functioning as endowment (quasi-endowment funds) meaning Funds established by the governing board to function like an endowment fund but which may be totally expended at any time at the discretion of the governing board. These funds represent nonmandatory transfers from the current fund rather than a direct addition to the endowment fund, as occurs for the true endowment categories.

 

reference: IPEDS Data Collectrion System – Glossary

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