Can a grant be deposited into a Foundation? Whether a grant can be deposited into a Foundation depends on whether the grant is “specific” or “nonspecific.” See “Definition...
How does someone donate shares of stock to a Foundation or the Alumni Association? The easiest method for donating stock is via electronic transfer. Most Foundations, as well as the Alumni Association, have their...
How should vendors address invoices due and payable from a Foundation or other Associated Entity? The invoice should be issued to the Foundation or Associated Entity, not to the University or a specific college or...
What is a gift? A gift is a voluntary and nonreciprocal donation of personal (cash, securities, books, equipment, life insurance, etc.) or real property...
What is Foundations Accounting & Investments? Foundations Accounting & Investments (FAI) is a multi-service office to twenty entities including: The NC State Investment Fund, Inc. (NCSIF)...
When should a grant be deposited to a Foundation versus the University? Where a grant can be deposited depends on whether the grant is “specific” or “nonspecific”. See Definition of Gifts, Grants,...