Office of Business and Financial Services

Office of Business and Financial Services

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Event Detail Information

Event Detail Information

YEAR-END: Critical Date (see description)

Date Jun 20, 2013
Sponsor OBFS
Event type Year-end
Views 1541

Departments must submit by 5:00 p.m. all requests for returning gift funds (fund type 4M) from Banner to the UI Foundation for reinvestment into a UIF endowment or quasi-endowment via the form at https://online.uif.uillinois.edu/infocenter/Sec11-8TransferBANNERmoney.pdf .  The UI Foundation must review and approve these forms before any transfer can be made. 

Departments must notify UAFR – Administrative Accounting to request the reinvestment of accumulated University endowment income fund cash balances into quasi-endowment funds.