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Crowd Funding Gift Recorded in General Cost Center

  • 1.  Crowd Funding Gift Recorded in General Cost Center

    Posted 09-29-2022 01:43 PM
    We have a lot of Crowd Funding for specific causes that go into the Colleges general less restricted cost centers. The plan is that the College will manage the spend - if they raised $2k for the Band's Tuba section then they will spend $2k on the Tuba Section.

    Is there wording that can be added to the Crowd Funding page that covers if the money is not all spent on the Tuba Section that the funds will remain in the College of Music's general cost center? 

    Thanks

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    Mariann O'Malley
    Chief Accountant
    Northern Illinois University Foundation
    momalley2@niu.edu
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