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What journal entries were made to record changes in the endowment net assets for the fiscal year ended 2018? The endowment net assets composition by

What journal entries were made to record changes in the endowment net assets for the fiscal year ended 2018?image text in transcribed

The endowment net assets composition by type of fund at April 30, 2018, is as follows (in thousands): UNRESTRICTED TEMPORARILY RESTRICTED $96,198 PERMANENTLY RESTRICTED $109,205 1 Donor-restricted endowment funds 2 Board-designated endowment funds 3 Total endowment funds TOTAL $205,403 471,027 $676,430 471,027 $471,027 $96,198 $109,205 UNRESTRICTED $429,625 TEMPORARILY RESTRICTED $87,866 PERMANENTLY RESTRICTED $104,509 TOTAL $622,000 4 Endowment net assets, May 1, 2017 39.802 1,337 5 6 7 Investment return Net appreciation on investments Interest, dividends, and capital distributions Total investment return 2.248 14.394 1,370 15,764 55,533 3,618 59,151 42,050 1,337 111 3,359 3,470 8 Contributions to endowment Appropriation of endowment assets for expenditure (11,742) (7,432) (19,174) Other changes Transfers to create board-designated endowment funds 11 Endowment net assets, April 30, 2018 10,983 $471,027 10,983 $676,430 $96,198 $109,205

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