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.
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Gift Type |
Gift Type Description |
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Donor Gift – Restricted |
Gift given by a Donor with a restricted purpose(s) |
|
Donor Gift – Unrestricted |
Gift given by a Donor for unrestricted purpose(s) |
|
Foundation Transfer-Endowment Income |
Gift set up to receive Foundation-Held Endowment income |
|
Foundation Transfer-Gift |
Gift set up to receive Donor gifts received at a Foundation |
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Internal Transfer-Other |
Gift set up to receive other types of Gift funds (i.e., Endowment Admin Fees) |
|
Other |
Other types of gift funds |
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Agency |
Assets held on behalf of an outside entity |
|
Gift Type |
Gift Type Description |
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True Endowment |
Funds 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 |
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Quasi Endowment |
Fund designated to function like an Endowment, but which may be expended at the discretion of the entity’s governing board |
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Term Endowment |
Funds where the Donor has indicated that the principal can only be expended after a stated period or upon the occurrence of a specific event |
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Internal Transfer from Existing Endowment Income |
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 |
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Annuity and Life Income |
Gift 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 |
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Trustee Held Endowments |
Endowments held by an outside trustee for the benefit of the University |
|
Capital Building and Equipment Gift |
Gift given by a Donor to build or renovate a physical facility or for capital equipment |