B.3. Current or Capital Endowment
     January 1989

Development Policy and Administration Manual 
Chapter V. Requirements for Reporting Gifts
Section B. Reporting Categories and Definitions     
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CURRENT OR CAPITAL/ENDOWMENT


This category identifies whether private support is intended by
the donor or grantor for current or for capital/endowment pur-
poses.  These definitions are mutually exclusive; each contribu-
tion should be classified as support for current operations or
support for capital/endowment purposes.


Current Operations

Gifts and private grants that are restricted for a non-endowment,
non-capital purpose, or gifts that are completely unrestricted,
should be classified as support for current operations. 


Capital/Endowment

Capital or endowment support includes both:

     a)   Nonmonetary gifts, real or personal property, or equip-
          ment; and

     b)   Gifts and private grants restricted by the donor or
          grantor for one of the following:

               -the purchase of land, buildings, and/or related 
               facilities; 

               -construction, major renovation, and/or retirement
               of indebtedness; 

               -endowment (including charitable remainder trusts
               and related deferred-
                giving instruments, whether or not the remainder
               interest is restricted for
                endowment); or

               -student-loan funds.