Name That Fund

Endowment fondi

Name That Fund

• Unrestricted Undesignated Fund
• Unrestricted Designated Fund
• Federal Sponsored Grant

Monies deposited to this fund include undergraduate tuition and application fees.

Name That Fund

• Gift Fund
• Unrestricted Designated Fund
• Endowment Fund

Donations are deposited into a fund for a particular purpose; the full amount of the donation can be spent. A 15% administrative assessment is charged monthly on prior month’s expenses.

Name That Fund

• Unrestricted Undesignated Fund
• Unrestricted Designated Fund
• Federal Sponsored Grant

Income derived from non-gift sources that can be used by a department, usually designated for a specific project or program (e.g. royalties, vending machine income).

Name That Fund

• Gift Fund
• Endowment Fund
• Federal Sponsored Grant

The fund has a principal balance; AEA = 11.1% of annual income. Typically, only the income derived from the investment of the principal can be spent.

Name That Fund

• Unrestricted Undesignated
• Unrestricted Designated
• Sponsored Grant

A contract from an outside institution to assist the University in reaching a particular institutional goal or public purpose. Terms include a deliverable to the outside institution.

FY13 FAS Revenue Budget

Gift vs. Grant

• Gift Fund
• Sponsored Grant
• Both

What fund type entitles a donor/sponsor receive something of value in exchange for funding?

Maximizing Funds: Gift

What are the characteristics of a gift fund?

Gift Fund Basics

• May be spent immediately
• Restricted gifts are limited by the donor for a defined purpose
• Important object codes:
• 3730 Carry forward surplus/deficit balance
• 4350 Initial gift balance
• 4530 Interest/charge on surplus/deficit balance
• 8922 Administrative assessment of 15% charged monthly on prior month’s expenses on object codes 6000-8999