Run Investment Pool Payout Distributions

Set an investment pool payout rate.

Run an investment pool valuation for the last posting interval for the period.

Configure the Investment Pool Payout Event
business process and security policy in the Financials: Cash Management functional area.

You can run a payout distribution once per payout frequency interval for the pool to:

Allocate income to beneficiaries.

Purchase new units for gifts requiring reinvestment.

Access the

Run Payout Distribution

task.

Run the payout distribution.

You can change the

Transaction Date

to any date that precedes the default current date. The transaction date is the default accounting date for the payout.

You can override the default payout and administrative fee per unit when initiating the payout.

The

Run Payout Distribution

task initiates the Investment Pool Payout Event
business process for review and approval. Workday then distributes the income according to the income allocation distribution rules in proportion to the number of units each gift owns in the pool.

Payout comprises:

Net payout, which is a total payout of the gift net of the administrative fees and reinvestments.

Administrative fees assessed against gifts that include them.

Reinvestment, which is payout redirected to purchase new units based on the gift reinvestment policy.

If the gift has an associated reinvestment percentage, Workday automatically purchases units in the pool based on reinvestment worktags specified on the gift.

Use the

View Investment Pool

report to verify that the payout is accurate with respect to the gift's shares in the pool and assigned company.

Set Investment Pool Payout Rates

Steps: Use Endowment Accounting