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A specific endowment is a donation where the donor has specified that the funds are to be invested and the investment income is to be used for specific purposes, which may be as wide as a department or academic area. The funds may be required to be invested in perpetuity or for a finite period. Specific endowments are of two types.

Trust Funds The University's practice is to establish Trust Funds in respect of most specific endowments. The relevant procedures are set out in Chapter 13 - Trust Funds. Source of funds K***
Other specific endowments Where departments are aware that they are in receipt of a specific endowment for which a Trust Fund is not being established, then they should contact the Finance Division for advice. Source of funds I***

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