Administrative Policies

The University of Central Arkansas Board of Trustees Endowment Fund is hereby established. The endowment fund will contain only those monies that are recommended by the president and specifically designated by the UCA Board of Trustees.

The purpose of the fund is to provide long-term support for scholarships and other university operations; therefore, the university is prohibited from spending any portion of the principal. Expenditures from the fund’s income will require approval by the Board of Trustees. However, $25,000 of the Endowment Fund, not to exceed 5% of the beginning balance, may be spent at any time at the Chair’s discretion without Board approval.

Comments and suggestions about Administrative Policies are appreciated.
Administrative Policy contents comments to: Susan Lilly, SusanL@uca.edu