Click to review the below policies related to gifts:

FIN-ACC-40: Charitable Gifts to Indiana University

Click the above link to review the Indiana University policy on charitable gifts to Indiana University. This policy provides guidance to faculty and staff concerning the depositing, recording, and acknowledgment of all charitable gifts received on behalf of Indiana University. Review this policy for detailed procedures on how to process a gift when a gift is received. This policy is applicable to all Indiana University units and employees.

FIN-ACC-45: Donor Intent Responsibilities

Click the above link to review the Indiana University policy on donor intent responsibilities. Indiana University has a fiduciary responsibility to ensure that donor wishes are strictly observed and that gifts are used only for the purpose stated by the donor. Gifts received for the benefit of the university must be spent or utilized according to the intent of the donor. Fiscal officers are responsible for ensuring that processes and controls are in place to ensure that the use of gift resources agree with donor intentions. The determination of donor intent must be supported by the gift agreement or other pertinent documentation stating the donor’s intent. Review this policy for information about the procedures around tracking gifts to ensure the gift is being used appropriately, definitions for common terms surrounding gift restrictions, and for information about how this policy impacts different units and employees at IU.

FIN-ACC-460: Depositing of Revenue for the Sale of Goods and Services at the IU Foundation

Click the above link to review the Indiana University policy on the depositing of revenue for the sale of goods and services at the IU Foundation. This policy provides guidelines on when funds generated through the sale of a good or service can be deposited or transferred to the Indiana University Foundation (IUF) from Indiana University (IU), the procedures for transferred funds, the necessary documentation when funds are transferred, how this impacts departments at Indiana University, and explains the importance of adhering to this policy as non-compliance can impact IUF’s tax-exempt status.

FIN-TRE-180: IU-Held Endowments and Quasi-Endowments

Click the above link to review the Indiana University policy on IU-held endowments and quasi-endowments. Endowments and quasi-endowments are treated in a manner different than other university funds with respect to the investment of the funds and with respect to special restrictions on the expenditure of the principal and earnings on such funds. Accordingly, this policy establishes a compliance and oversight framework for such accounts. Review this policy for information about the procedures around establishing and maintaining IU-held endowments and quasi-endowments, the definition for a consolidated endowment pool, and for information about how this policy impacts different units and employees at IU.