FY13 Gift Budgeting

The process for submitting FY13 budgets on gift funds is the same as that for budgets on University's general or endowed funds (i.e., the budget worksheets distributed to managers in late April will include FY12 budgets on gift funds). Budget managers should budget in FY13 no more than the current gift balance less any remaining FY12 expenses and overhead charges.

Budget managers are encouraged to submit budgets for every gift that they expect to use in FY13.  The deadline for all budget submissions is May 31st.

When preparing your expense budgets, please remember to include any that gift overhead charges (usually 15% of expense excluding financial aid).

Please contact the Office of Budget and Financial Planning if you have any questions.