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Administrator Guide
Last Updated: 2023-06-23
Purchase Investment Pool Units

Purchase Investment Pool Units

  • Calculate and record investment pool activity from bank statements.
  • Create a donor contribution.
  • Configure the
    Investment Pool Purchase Event
     business process and security policy in the Financials: Cash Management functional area.
Purchase investment pool units using donor contributions for a specified gift. Workday increases the principal, book value, and the number of units (by the value of the donor contributions) for the gift and its investment pool.
  1. Access the
    Purchase Investment Pool Units
     task.
  2. As you complete the task, consider:
    Option Description
    Contribution
    By default, Workday adds all available donor contributions to the gift.
    Purchase Date (Line level)
    Overrides the unit price based on that date. The date must be in a period for which you have run a pool valuation, or when you created the investment pool.
    Unit Price (Line level)
    You can override this field. Press
    Enter
     to view the total number of units purchased, based on the unit price.
    You can configure the
    Investment Pool Purchase Event
     business process to require additional approvals for the overridden purchase date and unit price.
The
Purchase Investment Pool Units
 task initiates the
Investment Pool Purchase Event
 business process for review and approval.
Use the
Find Investment Pool Purchases
 report to search for and review your investment pool purchases. From the related actions menu of an investment pool purchase, you can cancel or make changes.
You can't cancel or change a pool purchase when you’ve:
  • Completed an investment pool valuation for the next period(s). You must first cancel the pool valuation to make any changes.
  • Transferred or sold units in the investment pool.