Basic Gifts
¾Å¾Å¸£ÀûÍø Foundation Basic Gifts
¾Å¾Å¸£ÀûÍø Foundation basic gifts are established by the ¾Å¾Å¸£ÀûÍø when requested and approved in writing by the department head and Dean.
The following information must be included on the AS492: Request to Establish Basic Gift - LSU Foundation
- Purpose/function of the account. The function must be the same as the donor’s intent.
- The Foundation project ID
- Effective Date, if different than the date of the request
- Principal Investigator’s Name
- Cost center contact person and phone number
- Scholarship/fellowship criteria and other donor restrictions must be attached if requesting a scholarship/fellowship account. Also, if for scholarship/fellowship, page 2 must be completed.
- Form must be approved by the LSU Foundation.
The ¾Å¾Å¸£ÀûÍø will charge the current FB rates (regular, transient/WAE, and GA) and GA tuition remission rate. Normally, F&A costs are not charged to ¾Å¾Å¸£ÀûÍø Foundation accounts.
Completed forms should be sent to the Foundation for approval. The Foundation will then forward to SPA for account set up at spa@lsu.edu.
A basic gift worktag will be in the format of BG000000.
Other Basic Gifts
All cash gifts should be routed through the LSU Foundation.
In the rare circumstances where there is a basic gift that was not received by the Foundation, the ¾Å¾Å¸£ÀûÍø will charge the current fringe benefit rates (regular, transient/WAE, and GA) and GA tuition remission rate. Normally, F&A costs are not charged to Basic Gift accounts.