Year-End Foundation Funds Roll Over: How to Check Balances

Buobe IA context · why it matters

The process of rolling forward balances is manual — Institutions must ensure timely completion by Foundations Accounting and Investments (FAI) to avoid zero balances in reports.
Foundation projects display a zero beginning balance until entries are made — Users should combine prior fiscal year’s ending balances with current activity for accurate project funding assessments.

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Year-End Foundation Funds Roll Over: How to Check Balances

The Foundation (Ledger 6) and the Endowment Fund (a subset of Ledger 7) endowment spending budgets are posted in the system for the new fiscal year in July. The general fund budgets for the new fiscal year are posted in July for Foundation projects.

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