Determine the Need for a Self-Supporting Fund
Policy Statement
Self-supporting funds are managed as business-like operations with the objective of generating sufficient revenue from sales to finance all costs associated with the activities. Customers may include other University of Illinois System departments, faculty, staff, and students, the general public, and other external entities.
Procedure
To determine the need for a self-supporting fund:
- Follow the flowchart below:
11.2 Distinctions Among Gifts, Grants and Contracts
11.6 Coding of Fundraising Costs
11.13 Sponsorship Gifts
How do I determine if I need a self-supporting fund rather than a custodial fund? in Self-Supporting Funds FAQs.
Last Updated: February 27, 2020 | Approved: Senior Associate Vice President for Business and Finance | Effective: January 2013