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*** |