Common use of Endowments Clause in Contracts

Endowments. Endowment administration in accordance with endowment policy • Calculation of annual endowment distributions • Tracking of underwater endowments • Calculation and allocation of quarterly investment earnings • Participation in policy review Charitable Remainder Trusts • Investment accounting and tracking • Annual tax return preparation • Issuance of payments as required by individual trust agreements • Annual CRT report preparation Gift Annuities • Investment accounting and tracking • Annual issuance of 1099 for annuitants • Issuance of payments as required by individual gift annuity agreements • Annual filing with the CA Department of Insurance Reporting • Reporting to the UF Board of Governors as requested • Provide quarterly financial reporting

Endowments. Endowment administration in accordance with endowment policy • Calculation of annual endowment distributions • Tracking of underwater endowments • Calculation and allocation of quarterly investment earnings • Participation in policy review Charitable Remainder Trusts • Investment accounting and tracking • Annual tax return preparation • Issuance of payments as required by individual trust agreements • Annual CRT report preparation Gift Annuities • Investment accounting and tracking • Annual issuance of 1099 for annuitants • Issuance of payments as required by individual gift annuity agreements • Annual filing with the CA Department of Insurance Reporting • Reporting to the UF Board of Governors as requested • Provide quarterly financial reportingreporting • Provide other reporting as requested by UF Date of Board Approval: October 12, 2018

Endowments. Endowment administration in accordance with endowment policy • Calculation of annual endowment distributions • Tracking of underwater endowments • Calculation and allocation of quarterly investment earnings • Participation in policy review Charitable Remainder Trusts • Investment accounting and tracking • Annual tax return preparation • Issuance of payments as required by individual trust agreements • Annual CRT report preparation Gift Annuities • Investment accounting and tracking • Annual issuance of 1099 for annuitants • Issuance of payments as required by individual gift annuity agreements • Annual filing with the CA Department of Insurance Reporting • Reporting to the UF Board of Governors as requested • Provide quarterly financial reportingreporting • Provide other reporting as requested by UF