Cornell University

Restricted Gifts

Fund Group: Restricted Gifts
Sub Fund Group: RGGIFT

Definition: Some Restricted Gifts are contributions to ILR where the donor has imposed stipulations on how to expend the funds and ILR has a fiduciary responsibility to use gift funds as specified. Other Restricted Gift accounts include program income (revenue received from either an external or internal party that is directly generated by a sponsored activity or earned as a result of the sponsored award) and gifts with specific donor-imposed reporting requirements. The balances in these accounts remain in the accounts at Cornell fiscal year-end (June 30th). The categories of income which are normally planned in the Other Restricted category include gifts, program income, and investment income.