13.05 UNI Foundation
Guidelines for Establishing an Account with the University of Northern
Iowa Foundation:
A. Inform Foundation of approximate amount of money involved.
- Account should be at least $300.00.
- Account should be self-liquidating over a three-year period of time
if no new moneys are added.
- Account will be transferred to another Foundation account if it remains
inactive for two years or goes below $100.00.
B. Supply guidelines for expenditures.
- Format for selection and distribution of scholarships, grants, equipment,
programs, etc.
- Whose authority do we honor for expenditures? (Department head or
Dean suggested.)
C. Raising of the funds.
- College deans and department heads may approve seeking of gifts in
their college from students, faculty, and alumni.
- Any off-campus solicitation should be approved by the University
Administrative Council and by the Foundation Executive Committee.
- The UNI Foundation will assist in an advisory capacity and will serve
as receiver and conservator of funds; and the Alumni office can furnish
mechanical assistance, alumni lists and mailing help.
- Gifts should be directed to: UNI Foundation, Room 137, A&I Building,
University of Northern Iowa, Cedar Falls, Iowa 50613. The donor's name
and address should be requested, and his/her direction as to use of
the gift should be indicated.
D. Earnings
Interest as derived from pooled investments will be apportioned on
accounts with balances of over $100 except on accounts funded by the
Foundation, and except on self-liquidating endowments or one-time public-supported
memorials. Earnings on pooled investments will be paid on average balances
for the year, or proportionately on the length of time a fund account
has been invested, but one percent will be retained by the Foundation
to offset investments and management costs.
President's Bulletin No. 18, February 25, 1972 |
