News
In order to support the institution and defray central expenses (overhead) the university applies an assessment to gifts, endowment payouts, and sponsored activity. This official assessment rate has historically ranged from 15-26%, excluding space charges. All gifts, both current use and endowment payouts, are now subject to a 20% overhead assessment that partially supports indirect program and administrative costs, such as Facilities, Payroll, Human Resources, Information Technology Services, Public Safety and other administrative support services. On sponsored activity the federal allowable rate is 26%, which is below the actual university calculated cost of over 30% when a fully accounting is conducted.
For additional information, please visit the University Gift/Endowment Assessments pdf.
We are delighted to announce a Faculty Mortgage Program (FMP) for tenured faculty at Brandeis. The purpose of the program is to make home ownership more affordable to tenured faculty and to make Brandeis a more attractive employer to recruit and retain exemplary talent. A secondary goal is to have the beneficiaries of this program live in relative proximity to campus to allow them greater engagement with campus activities. Please visit the faculty mortgage program page for additional information.
As the University continues its planning for the Fall 2021, it is important for our faculty, staff and managers to be aware of the limitations and regulations regarding remote work. Critical to the process are the governmental regulations on where that remote work may be conducted from.
Human resources has partnered with procurement and business services to improve the process of requesting temporary staffing and temporary-to-permanent staffing from the preferred firms that are contracted through the university.
May 16, 2025
Brandeis University will end the current fiscal year on June 30, 2025. We appreciate your cooperation in ensuring that all financial transactions are recorded accurately and in a timely manner.
We use Workday for recording all of our financial transactions. For additional information please refer to the Foundation Data Model (chart of accounts) as well as the Forms and Resources General Accounting section for job aids on how to complete supplier invoice accounting adjustments, payroll accounting adjustments, check and cash deposits and journal entries.
Please reach out to any member of our team with any questions you may have.