Policy 3110 – Use of Funds
Effective Date: 8/26/2000
Responsible Office: Vice President for University Advancement
Restricted gifts are allocated by the Foundation according to the wishes of the donor.
Gifts credited to restricted funds are used in accordance with the “Guidelines for
Foundation Account Withdrawals.”
Unrestricted gifts are allocated by the Foundation to the unrestricted fund. The budget
for the unrestricted funds of the Foundation includes such items as: production of
the university’s annual report, funds for use by the Admissions Department in recruiting
and advertising, operation of the Foundation’s fundraising activities (includes salaries,
computer purchase and maintenance, telephone, maintenance of building, printing, phonathon
expenses, donor recognition, supplies, etc.), legal fees, Quest for Quality professorship
Awards, Foundation Professorship Awards, Scholarships, Student Recruitment expenses,
and Student Advancement projects and promotions.