Restricted funds are current funds on which restrictions are imposed by an external entity, such as a federal agency or a private donor.
Sponsored projects and endowment income are the two primary types of restricted funds.
- Sponsored projects:
- Are funded by private corporations, individuals, and federal, state, and local governments
- Support research and other projects performed by the University
- Are in the form of contracts, grants, or gifts
The money supporting these projects and the agreements on how that money will be spent are called "sponsored project awards." Generally, one or more individual funds are established for each sponsored project award. Sponsored project funds are grouped in fund number ranges by type of award and awarding agency.
The restrictions associated with these funds vary by fund source. The Office of Post Award Financial Services (OPAFS) provides support in the administration of sponsored project awards.
- Endowment income funds are generated by endowments to the University. Endowment funds are always considered restricted and are administered by General Accounting.
Questions? See a list of fund contacts.
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