# 4.1.1 Gifts to the University
**Source**: https://adminguide.stanford.edu/chapters/giving-stanford/gifts-university/gifts-university
**Parent**: https://adminguide.stanford.edu/chapters/giving-stanford/gifts-university
### [3.3.2 Expendable Funds Investment, Return Allocation and Buffer Policy](https://adminguide.stanford.edu/chapters/financial-administration/infrastructure-charges-and-expendable-funds/expendable-funds)
This policy replaces the “Expendable Funds Investment, Interest Allocation and Buffer Policy” adopted by the Board of Trustees on June 9, 2016. The policy was most recently updated by the Board of Trustees on June 13, 2023 and December 4, 2023.