2.3 The University of Iowa Foundation

(Amended 5/5/95; 9/17)

Effective September 2017, this policy has been revised. For individual changes, see the redlined version of  V-2.3.

  1. Transfer, or payment, of funds to The University of Iowa Foundation. Payments of funds to The University of Iowa Foundation from any account in the University are allowed for purposes approved by the University Controller. Payment requests to the University of Iowa Foundation are reviewed, and the purpose is verified to the preapproved list by Accounting and Financial Reporting. Payment requests for greater than $10,000 or for a purpose other than those on the preapproved list must be approved by the University Controller. 
  2. Cash advances. The University of Iowa Foundation shall not issue cash advances to University employees or students except for fundraising activities.

(See also V-4.6 Prohibited Cash Advances: Local Sports Clubs; V-12 Equipment and Personal Property of the University.)