Fund 859 - Institutions of Higher Education - Endowment Local Account
Locally by each agency - LCL0
3 - Local Fund
SAAM Budget Type:
Earnings from Investments are:
Credited to the appropriate fund as directed by the Legislature and/or the administering agency of the fund. RCW’s 43.79A.040 and 43.84.092 do not apply.
This fund is composed of gifts and bequests which the donors have specified must remain intact. Each gift is governed by various restrictions on the investment and use of the funds. Income from the investment of these funds is transferred each year for disbursement in accordance with the terms of the respective gifts or bequest.
Sources of Revenue:
Charges and Miscellaneous Revenue, Interest Earnings
Institutions of higher education
Institutions of Higher Education - Endowment Local Account
EA - Permanent Funds
EA - Higher Ed Endowment & Other Perm Funds
Closing GL Code:
9230 - Restricted for Higher Ed