C. Endowment Record Sheets
January 1989
Development Policy and Administration Manual
Chapter VI. Endowment Funds
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ENDOWMENT RECORD SHEETS
An Endowment Record Sheet (ERS) is prepared by Development Policy
and Administration, Office of the President for each newly
established Endowment Fund, Fund Functioning as an Endowment,
Charitable Remainder Trust, or other similar fund from informa-
tion furnished by Corporate Accounting and other sources.
Following preparation, new ERSs are distributed periodically to
campus Private Support Management Offices in order to provide a
permanent record for each campus of every endowment and similar
fund held by The Regents. Campus Private Support Managment
Offices in turn, should forward copies to any other campus
offices that will be involved in administering each fund.
Endowment Record Sheets are not maintained for endowments held by
the Campus Foundations, nor are they prepared for loan funds.
Endowment Record Sheets provide the following essential informa-
tion regarding each fund: Fund Name; Donor; Fund Establishment
Date; Original Corpus and its Nature (Cash, Securities, Real
Properties, etc.), or the Book Value of the Fund; Terms of
Allocation, either as established by the donor or internally by
the University; background on the donor; and information on Fund
origin. Additionally, a summary is provided at the bottom of
each ERS stating: 1) who has determined the allocation; 2) the
campus or campuses to which allocated income is to be distri-
buted; 3) the fund purpose; and 4) the fund type (Endowment, Fund
Functioning as an Endowment, etc.). Finally, the fund number and
fund restriction code as assigned by Corporate Accounting appear
in the lower right-hand corner of each ERS.
Replacement copies of previously issued ERSs to complete campus
files are available on request from Development Policy and
Administration, Office of the President.
A sample Endowment Record Sheet will be found on the following
pages of this Manual.
ENDOWMENT RECORD SHEETS
Prepared by Development Policy and Administration--
Office of the President May 20, 1988
ENDOWMENT RECORD SHEET
Fund Name: BORGE, BRADFORD, SCHOLARSHIP FUND
Donor: Estate of Louis A. Borge
Date Established: November 18, 1987
Original Corpus: $428,502.16
Comprised of Cash: $428,502.16
Background and Terms
By his Will, written in 1973, and codicil thereto written in
1981, the donor bequeathed the residue of his estate as follows:
2. To the UNIVERSITY OF CALIFORNIA at Sacramento, Califor-
nia, all of the rest, residue and remainder of my
property, personal or real, tangible or intangible for
the purposes of establishing scholarships in the field
of chemistry in the name of BRADFORD BORGE.
The donor lived in Stockton when he wrote his Will. The Will was
executed jointly by Louis Borge and his wife, Mamie H. Borge, and
subsequently amended by codicil of Louis Borge. The Will pro-
vided for specific bequests to individuals in addition to the
University. Bradford Borge was the deceased child of Mr. and
Mrs. Louis Borge.
Although the bequest is to the ". . . UNIVERSITY OF CALIFORNIA at
Sacramento, California. . .", the attorney who drew up the Will
has confirmed that the donors intended to benefit the Davis
campus.
04379--16733
Fund Name: BORGE, BRADFORD SCHOLARSHIP FUND
At its meeting April 12, 1988, the Gifts and Bequests Review
Committee recommended approval of Chancellor Hullar's proposal
for allocation as a fund functioning as an endowment for scholar-
ships in chemistry to be named the BRADFORD BORGE SCHOLARSHIP
FUND.
Allocation by The Regents, May 20, 1988:
Location: Davis campus (donor designated)
Purpose: Scholarships in chemistry (donor designated)
Type of Fund: Fund Functioning as an Endowment