Has your unit received any donated goods or services from an external donor (also known as in-kind contributions or gifts in kind) during FY26? If so, keep the following points in mind:
- In-kind contributions must be reported to the University of Illinois Foundation (UIF) on a timely basis (i.e., within the same accounting period and fiscal year that the donated good or service was received) via an applicable Gift-in-Kind Transmittal form.
- Per the FY26 Closing Procedures, all gifts in kind that have been received by a department on or before June 30 must be reported to the UIF no later than the close of business on Wednesday, July 8, to ensure proper inclusion in the FY26 financial statements.
- With year-end quickly approaching, please review your FY26 records to ensure that all year-to-date gifts in kind have been properly reported to the UIF. This will help ensure accurate financial reporting for our audited financial statements, as these gifts in kind are reflected within the gift revenue totals on our financial statements.
Contact
For additional guidance, contact the appropriate subject matter experts who can be found by searching “Gift Funds” in the Business & Finance Who to Ask list.
In addition, the administrative staff at UIF can also assist with questions on this topic. They can be reached by phone at (217) 333-0675 or by email at giftadmin@uif.uillinois.edu.
