OSU FIS 1401-05: Gift Fees

Purpose

To ensure that all donations in support of OSU are administered in a similar manner, regardless of whether the donation is deposited with OSU Foundation or directly to OSU. To also ensure clarity, all donations by OSU employees must be made to the OSU Foundation because of possible conflict of interest issues.

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Policy

OSU will assess a fee on all cash and equivalent donations received by OSU at the same rate charged by OSU Foundation as their Gift Acceptance Surcharge. The current rate is 5%.

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Procedure

The Office of Business Affairs will review deposits to OSU each month. Donations, regardless of restrictive use, will be charged the gift fee. The fee will be collected from the fund to which the donation has been added, and used to support university operations.

The fee will not be charged on:

• Interest earnings posted on gift funds; nor residual funds from fixed price sponsored agreements that have been moved to gift funds at the conclusion of the project.
• Endowment earnings.
• Restricted grant, contract, or cooperative agreement funds.

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