- FY 23-24
Each unit has the responsibility of providing matching funds for endowed chairs or professorships under the FEMP. Matches must be made on accounts that have received contributions. In cases of an irrevocable deferred bequest, matching funds will be provided once all signatures are in place and the agreement becomes effective. Units receive a report from the UBO that provides information about the amount of matching funds that should be budgeted (Object code 9918-PRS and Object code 9918-SCH). In cases where accompanying funds exist at the IUF, the units will also be apprised of the projected amount of income they may budget in Object code 1179.
You may also refer to the Faculty Endowment Income Matching Program website for details.