Restricted Gifts 10% Charge

All Restricted Gift Accounts receive a 10% administrative cost charge on expenses except for the following:

• Endowment income accounts;
• Accounts established to provide financial aid to undergraduates and graduate students.

Waiving the 10% Charge

Endowed Division
Complete a Return of Indirect Cost on Restricted Gift Accounts form (See Accounting Site's Miscellaneous Forms Section) with dean/director approval and send it to the Division of Financial Affairs with new account documentation. All requests will be forwarded to the University Budget Office for approval before the indirect cost is waived.

Contract Colleges
Send a memo or letter from the college dean to the Division of Financial Affairs with new account documentation.