Basic Gift (BG) accounts are University funding sources in Workday which are treated like any other state-funded account. All normal procurement rules apply. BG accounts can be established from any donor. The Ä¢¹½tv Foundation is one of those “donorsâ€�. When a basic gift is received, the revenue is put into the BG account. The Ä¢¹½tv Foundation’s account works a little differently…funds are not received until after they are expended. At the end of the month, the foundation sends one lump sum payment to “reimburseâ€� the university for all foundation BG accounts.
“Foundation Fundsâ€� (formerly source F accounts in legacy) cannot be found in Workday. These funds are managed by the Ä¢¹½tv Foundation directly. Foundation purchases are typically made with a credit card issued by the or by submitting invoices to the Ä¢¹½tv Foundation to have a check issued.
For information concerning these procedures, the Ä¢¹½tv Foundation Development Services Office (225-578-3811) should be contacted.
Rev 7/31/24