Does your unit incur fundraising and development expenses when soliciting gifts from donors? If so, did you know that there are certain C-FOP requirements that must be followed in order to properly account for these types of costs?
Fundraising and development expenses need to be properly classified and accounted for within Banner in order to allow for analysis and evaluation of the University of Illinois System’s fundraising and development efforts. It is also important to help ensure that these fundraising and development expenses are properly excluded from the system’s Indirect Cost Study.
For further details on these requirements, along with examples of various types of fundraising and development expenses, visit Section 11.6, Accounting for Fundraising and Development Expenses within the Business and Financial Policies and Procedures manual.
Contact
If you have further questions, feel free to reach out to UAFR’s applicable subject matter experts within the Gift Funds section of UAFR’s Who to Ask list.
