Gift Overhead Assessment

All applicable expendable gifts are subject to a minimum 15% overhead assessment to be directed towards associated program costs and other administrative costs related to supporting the University’s mission. This assessment is automatically applied at the time the expense is incurred.

Gifts directed towards (i) financial aid, or other student support * or (ii) capital projects are excluded from this assessment.

If a donor specifically disallows administrative costs to be applied to otherwise eligible donations, the department benefiting from the gift fund is responsible for covering the associated overhead with other sources, i.e. other departmental funds.

Any exception to this policy is at the discretion of the (i) President, or (ii) collectively, the Provost and the Executive Vice-President.

* includes fellowships, other stipend-providing mechanisms, and student prizes made to the University to support undergraduate, graduate and post-doc students