Effective July 1, 2004, the University began assessing a gift fee against all gift deposits that were directly made at the University. This fee is equivalent to that exacted by the UI Center for Advancement. There are no exceptions to the assessment of the gift fee.
All gift accounts are reviewed during month-end and the gift fee is assessed as follows:
- Amounts up to $500,000 will be assessed a 5% gift fee
- Amounts between $500,000 and $1,000,000 will be assessed a 2.5% gift fee
- Amounts greater than $1,000,000 will be assessed a 1% gift fee