Funds Management is responsible for administering the University's restricted funds. This includes:

• Establishing new funds; endowments, student loans, expendable gifts and building funds
• Providing stewardship for all restricted funds
• Preparing annual financial reports for donors
• Assisting in the placement of gifts in proper accounts
• Managing the fiduciary responsibility for the University's gift annuities and life income funds
• Budgeting and distributing endowment income each year and budgeting and monitoring unrestricted and restricted gifts to the operating budget

This office acts as a liaison with Departmental and School offices-Provost, OIR, FAS Departments and Professional Schools, and other Central Offices including Controller, Financial Reporting, General Accounting, Development and Treasury Services.

Funds Management provides specific services in the following areas:

• Acts as a training/consulting/ help desk resource regarding restricted gifts
• Maintains the University's endowment data base - ALICE
• Provides advice and counsel in the establishment of new funds
• Researches and prepares financial historical analysis of restricted funds
• Supports organizations working on long-range planning in regard to gift histories and projections
• Prepares statistical data for departments for external reporting requirements
• Serves as a permanent member of the Gift Implementation and Stewardship Committee to ensure compliance with donors expectations and designations