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Restricted / Foundation

ASU Foundation Accounts

The ASU Foundation is a separate entity from Arizona State University. The Foundation is a private, nonprofit organization that raises and invests private contributions for the University. The Foundation manages individual donations and major gifts. Funds raised by the Foundation can be used by the respective ASU units for projects and activities in accordance with donor intent.

Every Foundation account number is made up of eight digits. The first three digits represent the fund of the account:

200 - ASUF Quasi Endowment

240 - ASU Quasi Endowment

300 - Spendable Gift Account

350 - Non Gift Account

400 - ASUF Endowment

700 - ASUF Endowment Spending

The last five digits on spending accounts for endowments are consistent (e.g. 40001234 and 70001234)

 All gifts subject to a 5% fee

Restricted Accounts

A restricted accounts is a type of local account that is restricted for a specified purpose, usually indicated in the documentation or agreement used when the account is first created.  These accounts usually have the number 9 as the third digit in the agency org account structure.

Last revised by Luis Gray-Gomez on Tuesday, May 23, 2023 - 10:37am