In 1977 the North Carolina General Assembly enacted N.C.G.S. 116-36.1, charging the Board of Governors of The University of North Carolina System with the custody and management of all non-appropriated University funds, and directed them to adopt uniform policies and procedures for the administration of these funds. From this directive, came the Administrative Memoranda and other guidance provided by General Administration.

The two largest ranges of accounts that fall under the Sponsored Programs Endowments and Trust Funds Office are 2XXXXX (unrestricted) and 6XXXXX (restricted). These account ranges include overhead, operating, discretionary, and restricted and unrestricted gift accounts. You can also receive assistance with account ranges 070XXX (loan funds) and 9XXXXX (agency or fiduciary funds) from the Endowments and Trust Funds Office.

It is important to note that although the donor or other source of funds may have placed no restrictions, the underlying General Statutes always apply to the use of these funds.