Closing an Institutional Trust Fund

If an Institutional Trust Fund has a zero balance and is no longer needed, please contact the ITF Office at itf-specialfunds@ecu.edu so the fund may be closed.

If the purpose of an Institutional Trust Fund no longer exists and there is a balance remaining, the disbursing authority should notify the ITF Office for guidance on “spending down” the fund or transferring the balance to another fund. Whenever possible, the funds should be used to support a program or purpose of similar nature or closely related to the original program or purpose.