Information on Investing in the Long Term Investment Pool

Units may wish to invest unrestricted operating funds in the Long-term Investment Pool by creating an FFE (Funds Functioning as Endowment).  This vehicle functions much like a mutual fund, whereby participants buy shares at the current market rate and receive a per-share annual income payout as determined by the Board of Trustees. 

It is important to realize that this investment vehicle does not have a guaranteed rate of return, and that participants expose their investments to market losses, as well as gains.  It is best to view this investment opportunity as a means to gain access to the university's annual payout, and not as a means to realize gains on principal. 

The most current market rates  and payout information are published on the university Accounting Services website.  To request an FFE, please contact Invested Funds Accounting at dfa-ribacctg@cornell.edu .  Please be sure to provide the name of the unit and account requested.

Funds must meet the following criteria:

• The balance of the fund is not expected to be spent for a period of three years or more.  Again, frequent deposit and withdrawal activity exposes the investment to realized gains and losses
  
• The funds are classified as either of the following:
• Unrestricted Gift Operating Accounts
• Bona Fide Operating Reserves

 Note: university appropriations, restricted gifts, and endowment income accounts are not eligible.

• Overall, the unit must be in a healthy operating position, with no significant deficit issues

If you have questions, or are not sure if your account meets the criteria, please feel free to contact us.

Withdrawing From LTIP

Units may wish to determine the net effect and withdrawal gains/losses associated with withdrawals from the Long-term Investment Pool.  This linked spreadsheet  may be used to analyze withdrawals from FFEs.