Fundraising

Fundraising

Rule

Flag all costs of fundraising, including:

  • Endowment drives
  • Financial/capital campaigns
  • Solicitation of gifts and bequests

Exception

Do not flag costs of soliciting research grants and contracts.

Examples

Professor Scott makes several trips to the Datatech Company in California. The purpose of the trips are to solicit funds to support her research activities. Datatech agrees to Professor Scott's request. Professor Scott must provide Datatech with a report on her research findings.

  1. Do Professor Scott's salaries, wages, and travel costs for soliciting research funding require Class ending in X?

    No. Costs of soliciting research grants do not require an X Class.

Professor Scott makes several trips to the Datatech Company in California. The purpose of the trips are to solicit unrestricted funds for discretionary research. Datatech agrees to Professor Scott's request.

  1. Do Professor Scott's salaries and wages for soliciting gifts require Class ending in X?

    Yes. The 'unrestricted funds' are a gift. The costs of soliciting gifts are fundraising, which is an ICRX activity. The key word is discretionary research.