Chapter 24 – Memorial or Honorary Gifts

(Amended 9/93; 9/13)

24.1 Through the University of Iowa Foundation

The University of Iowa Foundation was organized in 1956 to help the University meet needs beyond those provided for by state support. The University of Iowa Foundation is the University's preferred channel for private contributions. Memorial or honorary gifts may be made to support any area of the University in honor or memory of deceased alumni, family, friends, faculty, or staff members.

Contact the University of Iowa Foundation for specific language which will ensure that gifts of a "deferred" nature are directed to the State University of Iowa Foundation.

24.2 Through the University

Memorial or honorary contributions can be made directly to the University if the donor prefers. In such cases, the initial contact is Treasury Operations. For large gifts, separate accounts are set up, with investment income expended in accordance with the wishes of the donors. For smaller gifts, the principal is expended as the donors direct. (See also V-1.2.)

(See also I-3.6 The University of Iowa Foundation; V-2.3a Transfers to The University of Iowa Foundation; V-3 Deposits and Expenditures of Funds in Allied Organizations; V-5.6 Gifts and Grants.)