If your group received money from a company or individual that gives a gift/donation you must do a gift deposit. Please remember that donation checks must be deposited as soon as possible, so that donors receive acknowledgement and tax receipts in a timely manner. In addition, each January, the University is required by the IRS to send all donors a year-end summary of giving for the prior year. Therefore, any gifts for the fall semester must be delivered to a Business Coordinator by December 15.
If your group provided goods or services in exchange for the gift/donation then this should not be deposited into your gift account because it would not be considered a tax deductible donation. See your Business Coordinator for information.
- Fill out a request form on-line and select “deposit voucher”. Have a submitted on-line by your group’s treasurer and print it.
- Make a copy of each check(s).
- Endorse check(s) by stamping them on the back with the endorsement stamp.
- Turn all items into Business Coordinator of the Day.