6.5.6 Accounts and Transactions126.96.36.199 Account ClassificationsInvestment participants can have a maximum of six accounts in the
Investment Pool under the following asset classifications:
Surplus funds – Unrestricted funds, not subjected to donor-imposed restrictions
Designated funds – Funds designated by the person in charge for a specific project
Restricted funds – Donor-restricted gifts or donations that are designated by the donor for a particular purpose or project
Building and capital improvements funds – Funds designated for
building construction, major
Endowment trust funds – Permanently restricted assets, donations, and gifts that require by donor restriction that the corpus be invested in perpetuity and only the income be made available for program operations in accordance with donor restrictions; the
Finance Council and
College of Consultors approve the establishment of endowment funds, such as
autonomous pious foundations
Prepaid tuition fees for high school
Investment Pool participants who maintain more than six accounts pay additional fees for each additional account.The minimum Investment Pool balance for each account is $25,000.6.5.6.2 Deposits and WithdrawalsAll deposits and withdrawals must be accompanied by a properly completed and executed transmittal form and supporting documentation, such as invoices, if applicable. See the
Archdiocese of Los Angeles Investment Pool: Investment Pool Deposits, Withdrawals and Transfers.Required signatures:
Elementary school withdrawals in excess of $3,000 require the signature of the person in charge of the parish.
Parish, elementary school, and parish high school withdrawals in excess of $20,000 require the signature of the regional auxiliary bishop.
Archdiocesan high school withdrawals in excess of $20,000 require the signature of the archdiocesan
superintendent of high schools.
Endowment withdrawals are governed by the endowment charter.188.8.131.52 Loan Payments
Most current and all new
Investment Pool loan payments are processed and debited electronically from the location's designated
bank account. Prepayments may be made at any time.