Gift Types

Gift Types

Gift Types separate gifts into categories that can be used for reporting purposes. An appropriate gift type must be selected during the gift creation process from the options provided below.

Note:  The Donor Gift – Unrestricted type rarely applies to donor gifts. There are very few cases that qualify as truly spendable unrestricted gifts. Most donor gifts will fall under the Donor Gift – Restricted type. If you select the Donor Gift - Unrestricted gift type incorrectly, your gift request may be denied, and you will need to start over with a new gift request.  It is best to check with AskFinance before selecting this gift type.

See the Create Gift Request QRG for the steps to submit a request for a new gift worktag.

 

Gift Types: Spendable Classification
Gift TypePrefix Gift Type Description
Donor Gift – RestrictedDRGift given by a Donor with a restricted purpose(s)
Donor Gift – UnrestrictedDU

Gift given by a Donor for unrestricted purpose(s)  

Note: This gift type rarely applies. If you believe your gift may fit this type, please check with AskFinance before selecting it.

Foundation Transfer-Endowment IncomeFEGift set up to receive Foundation-Held Endowment income
Foundation Transfer-GiftFGGift set up to receive Donor gifts received at a Foundation
Internal Transfer from Existing GiftIG Gift set up to segregate existing Gift funds already received by the University
Internal Transfer from Existing Endowment IncomeIE

Gift set up to segregate existing Endowment income

Note: This term is a legacy term only; gifts are no longer created with this gift type

Internal Transfer-OtherEFGift set up to receive other types of Gift funds (i.e., Endowment Admin Fees)
OtherOTOther types of gift funds
AgencyAGAssets held on behalf of an outside entity
Capital Building and EquipmentCGGift given by a Donor to build or renovate a physical facility or for capital equipment

 

Gift Types: Non-Pooled Classification
Gift Type  Prefix  Gift Type Description
True EndowmentTEFunds received from a Donor with the stipulation that the principal remain intact and be invested in perpetuity to produce income that is to be expended for purposes specified by the Donor
Quasi EndowmentQEFund designated to function like an Endowment, but which may be expended at the discretion of the entity’s governing board
Term EndowmentTMFunds where the Donor has indicated that the principal can only be expended after a stated period or upon the occurrence of a specific event
Annuity and Life IncomeALGift given by a Donor to establish a legal entity (trust) with certain conditions. When the trust terminates, the remaining assets are directed to charitable purposes of the University
Trustee Held EndowmentsTHEndowments held by an outside trustee for the benefit of the University
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