Skip to main content
Endowment Spending Budget Communications and Calculation

Foundations Accounting and Investments

Wooden blocks labeled 2025 stacked on coins. The 5 block is turning over to reveal the number 6, so the year is becoming 2026.

Jun 24, 2025

Year-End Foundation and Endowment Fund Project Balances

Written by Erin Delehanty. Did you know that Balances in Foundation (Ledger 6) and the Endowment Fund (subset of Ledger 7) projects roll forward annually? The process of rolling these balances forward at fiscal year end is different from other fund sources at the university.  The beginning balance roll forward is a manual process completed with…

May 28, 2025

Private Grant Funding for NC State

Written by Brooke Labashousky. Foundations Accounting and Investments (FAI) has recently seen an increase in private grant funding requests for the university. We encourage department business offices and foundation business offices to work with their faculty in achieving these important funding opportunities.  Many private companies that work with faculty in research grant funding do not…
Desk with office supplies on it and a notebook saying "Today's priorities"

Apr 25, 2025

FAI Fiscal Year End Reminders

Written by Brooke Labashousky. Foundations Accounting and Investments (FAI) has a few friendly reminders as fiscal year end approaches: Audit Request Letters Audit request letters will be sent via email by Jessica Cottingham, Foundations Assistant Controller, the first week of June. These letters contain a listing of various documents and information required to be submitted…
A large hand pushing over a stack of blue blocks and a small person holding up three blocks and preventing them from falling

Mar 25, 2025

Tracking Your Foundation Project Balances

Written by Michelle Phillips. At this time every year, we begin reviewing project balances and ensure foundation projects are not in deficit, which means expenditures of the project exceed funds available at the end of the year. The responsible party for each foundation project should ensure that projects are not in a deficit.  Available Tools…
The belltower lit up in red with fireworks exploding nearby

Feb 25, 2025

FAI Celebrates Transformation

Written by Brooke Labashousky. As we prepare to bid farewell to Chancellor Randy Woodson, we would like to join the university in Celebrating Transformation and reflect on the positive changes that have taken place in Foundations Accounting and Investments (FAI) and the impacts FAI’s administration has had on the university during Chancellor Woodson’s tenure. Endowment…
A group of employees joining hands in the backgorund with the NC State Finance Division logo in the foreground

Jan 28, 2025

FAI Welcomes New Team Members

Written by Brooke Labashousky Foundations Accounting and Investments (FAI) welcomed three new invaluable team members to our unit this past year. We would like to extend their welcome to the entire Finance Division and invite campus to reach out for assistance from any of our new team members. Gerardo Granillo  Gerardo has joined the systems…
A laptop computer on a table. A card reading "Nominations" is resting on the computer.

Jan 27, 2025

Office of Investments Implements New Nominating Process

Written by Birhanie Robinson. Did you know our Office of Investments (OOI) is responsible for investing the university’s and Associated Entities’ endowments, as well as short to immediate term cash funds? That is not all OOI does.  OOI also orchestrates the nomination process for the North Carolina State Investment Fund’s (NCSIF) Investment Committee. The members…
Raised block images of charts and graphs

Dec 16, 2024

Check Balances on Unused Endowment Spending Projects

Written by Brooke Labashousky. Foundations Accounting and Investments (FAI) requests that colleges and units review unused endowment spending balances and return excess funds within the next year to the endowment principal to be invested in the long-term pool. This process can happen at any point within the year.  FAI also recommends reaching out to Michelle…
Hands typing on a laptop keyboard with a payment screen image in the center

Nov 26, 2024

FAI Payment Request Update

Written by Sarah Joyce. Foundations Accounting and Investments is transitioning from a manual payment request submission to the university voucher entry and accounts payable (AP) system. We plan to start training and rolling out the change in mid-to-late January.  Generally speaking, the process for making foundation and LLC payments will mirror that of the university’s.…
An abacus with blue beads aligned to the left and one red bead aligned to the right

Oct 28, 2024

Endowment Spending Budget Communications and Calculation

Written by Erin Delehanty. Foundations Accounting and Investments (FAI) calculates spending budgets for endowments held by the foundations and the University Endowment Fund annually and communicates those budgets to the benefiting colleges and units as appropriate. FAI is currently calculating endowment spending budgets for Fiscal Year 2026. Budgets will be communicated to the appropriate colleges…