We currently track our different scholarships as different finds codes and then have accounts under those for cash, investments, etc. We are trying to figure out if there is a better way to track what is spendable for scholarships in our endowed fund. Right now the funds post from RE into an endowed fund cash account we called a 3 account. We then move those funds to investments and it moves it to an investment account under that fund. If we have funds to spend out of that we currently move it from that 3 cash account or 3 investment account to a “2” cash account. It is a lot of moving funds around. How does your organization track and manage endowed funds in FE with accounts and funds?
