Fund Agreement

POLICY: 2.1
Effective Date: 01/01/2004
Last Updated: 03/01/2012
Policy Owner: Coyle, Cindy

A Fund Agreement is created to document the donor(s) gift intent when the donor wishes to restrict the gift, and a current fund does not exist for this purpose in the UGA Foundation.  The gifts that cannot be deposited into an existing fund of the UGA Foundation are generally used to establish a new fund if certain requirements are met.  The Deans/Vice Presidents/Directors and Development Officers at the University of Georgia will determine this through their work with the donor(s) and/or donor representative(s) at the time the gift is made.  The Office of Financial Services acts as the facilitator in this process to answer questions and prepare the fund agreements for approval.