Endowments Officer

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Endowments Officer
Responsibilities: Involves designing, developing, delivering, and administering a program to increase flexibility of funding to the campus. Specifically, in connection with existing Endowments Officer designs and administers a program to provide an initial legal review of endowment funds for which expenditures are challenging to the campus and to make determinations regarding whether to reallocate the funds by administrative action or to refer to outside legal counsel as necessary. Identifies funds for which the terms are overly restrictive, reviews related legal documents, analyzes endowment terms under California law and UC and Foundation policies, prepares customized action plans for each endowment under review, and sees action plans through to completion. This position is expected to directly impact the mission of the campus by providing additional flexibility in funding through strategic endowment review. In conjunction with existing Endowments Officer, plans, organizes, and directs large-scale fundraising campaign to provide legal analysis of existing endowments to increase expenditure flexibility. Serves as an expert development professional for endowment expenditure, reallocation, and processing requests. Serves as contact to outside counsel for cy pres actions including changes to chair terms to conform to the new chair model. Prepares and reviews communications to donors regarding broadening or changing fund terms ensuring compliance with laws and applicable University and campus policies while applying top-level donor stewardship principles. In connection with existing Endowments Officer, evaluates programs using financial feasibility studies and market research, including planning and evaluating endowment programs and making recommendations for donor contact, reallocation, submission to the Attorney General, or action by outside counsel. In connection with existing Endowments Officer, oversees the work of professional and support staff involved in the implementation of the endowment review program. Works with campus colleagues in various units to understand funding needs, why fund expenditure is problematic, and preferred changes to endowment terms. Reports on progress and findings to Gift Planning and University Relations managers. Ensures that predetermined endowment review goals are met.

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