Contact your Business Services representative if you have questions.
For Sponsored Projects, please contact your R.I.S.E representative.
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.