Finance & Accounting
A tax-exempt organization's annual IRS filing that provides financial and operational transparency.
What is a Form 990
A yearly fundraising campaign that supports the institution's operating budget.
What is an annual fund?
A university with high research activity, one level below R1 in the Carnegie Classification
What is an R2 institution?
This federal agency is the largest source of research funding for health-related studies in the U.S.
What is the National Institutes of Health (NIH)?
The federal law that protects the privacy of student education records.
What is FERPA (Family Educational Rights and Privacy Act)?
Accounting standards that are applied to public institutions
What is GASB?
What is the difference between restricted and unrestricted gifts?
Typically 25+ years old, working or returning to school.
The person primarily responsible for overseeing a grant-funded project at a university.
Who is the Principal Investigator (PI)?
A campus-wide initiative that supports the mental health and well-being of students.
What is Counseling and Psychological Services (CAPS)?
Covers annual revenues and expenses for day to day operations as opposed to including long term projects like buildings and infrastructure.
What is an operating budget?
A large-scale, multi-year fundraising effort focused on major investments like buildings.
What is a capital campaign?
The highest pranking academic officer at the University.
What is The Provost?
This term refers to the costs incurred by an institution to support research that are not directly tied to a specific grant, such as facilities and administrative expenses.
What are indirect costs?
This campus leader serves as the primary advocate for students and oversees student support services, including counseling, conduct, and student engagement.
Who is the Dean of Students?
Funds that a university can use for any purpose.
What are unrestricted assets?
A fund where the principal remains invested, and only a portion of the earnings is used annually to support the institution.
What is an endowment?
The office that handles student tuition payments.
What is the Bursar's office?
The official university office responsible for submitting and managing grant applications.
What is the Office of Sponsored Programs (OSP)?
This staff member works in a residence hall, providing support and guidance to students while enforcing housing policies.
Who is the Resident Director or Resident Assistant (RA)?)
A financial statement that shows how cash moves in and out of a university through operating, investing, and financial activities. It helps assess liquidity and financial sustainability.
What is the statement of cash flows?
This gift is part of a estate planning (bequests, charitable trusts) and this gift is a large donation given outright.
What is the difference between a planned gift and a major gift?
A system where faculty, administration, and sometimes students participate in decision making.
What is shared governance?
The three main phases of a research grant lifecycle.
What are pre-award, award, and post-award?
This group of senior university administrators oversees various divisions ensuring that student needs are integrated into the institution's overall strategic planning.
What is the President's Cabinet?