Establishing Permanent University Fund Endowments
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Last Updated: June 2008

Responsible University Officer:
  • Senior Vice President for Academic Affairs and Provost

Procedure Contact:
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PROCEDURE

  1. Recognized Foundation establishes a gift fund and works with College Development Office to complete fund raising.
  2. Foundation begins depositing gifts to the established gift fund.
  3. The Foundation contacts Accounting Services and indicates that there is enough private gift money to match. Gifts are first matched when private donations money received equals $250,000 or when the gift is received in full. Thereafter, gifts will be matched at least annually (in May) or before if they again reach $250,000.
  4. Accounting Services completes the appropriate journal entries.
  5. Accounting Services establishes and enters appropriate information for the endowment and target accounts into PeopleSoft and notifies departments of account setups and sends a copy to the appropriate Responsible University Administrator's Office.

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