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Part II. – ARTICLES OF INCORPORATION https://www.plu.edu/faculty-handbook/section-vi-reference-material/articles-of-incorporation/

University in such banks, trust companies or other depositaries as the Board may select. 8.5 Gifts. The Board may accept on behalf of the University any contribution, gift, bequest or devise for the general purposes or for any special purpose of the University. 8.6 Fiscal Year. The fiscal year of the University shall begin on June 1. 8.7 Books and Records. The University shall keep a copy of the following records at its registered or principal office: 8.7.1 The Articles or Restated Articles and all
Part X. – OTHER FACULTY POLICIES https://www.plu.edu/faculty-handbook/section-iv-personnel-policies-and-employment-benefits/part-x-other-faculty-policies/

with the terms of this policy. Endowed Professor: Endowment income must be sufficient to cover half the base salary and benefits of a full-time, continuing associate professor or professor, as well as an appropriate level of additional support, consistent with the terms of this policy. Prior to establishing any endowed position, at least 50% of the required funds will generally be “in hand,” along with legally binding commitments for the remainder. In the event there are insufficient gifts to fund