Policy 3105 - Gift Allocation
Effective Date: 8/26/2000
Responsible Office: Vice President for University Advancement
Without exception, each gift received by the Foundation is credited to the appropriate Foundation fund according to information provided by the donor. Restricted Foundation funds are established for the use of the colleges, departments, or other university units and programs. All gifts received without designation are treated as unrestricted.
Gifts to endowments that are not specified to be applied to the corpus of the endowment are allocated as follows:
- Gifts of less than $1,000 are allocated to the spendable portion of the endowment, and
- Gifts of $1,000 or more are allocated to the corpus of the endowment.