The University of Iowa Foundation
All gifts should be directed to the UI Foundation.
- The University has designated the UI Foundation, an allied organization, as its preferred solicitor, recipient of and channel for private gifts intended to benefit the University.
- The UI Foundation retains donor intent information for accounts held by the UI Foundation.
- Once a gift account is established, funds from a gift can be requested by the department via the Payment Authorization Form (PAF).
- The UI Foundation sends gift funds to the University via check with the accompanying PAF.
- Departments should process the PAF on a timely basis, at least quarterly, to cover gift expenditures.
The University of Iowa
Some donors choose to give gifts directly to the University.
- Gifts can be given in the form of cash, check, land or physical donations.
- Some people send gifts to departments/colleges directly. In most cases, checks made out to The University of Iowa cannot be deposited at the UI Foundation.
- Monetary gifts need to be deposited into the appropriate UI account.
- Scholarship specific gifts are identified with a fund 525.
- All others are identified with a fund 520.
- Consideration of the donor intent will determine the appropriate UI account.
- Unique accounts should be established to track specific donor intent.
- Discretionary gift accounts can be used when donor intent does not include a specific purpose.
- Non-Monetary gifts need to be reviewed and processed accordingly. Work with GAO to process these types of gifts.
- Departments are responsible for retaining documentation to support donor and donor intent information.