ITF Overview

What are Institutional Trust Funds?

• Overhead/Indirect Cost Funds
• Gifts, Devices or Bequests
• Self-Supporting Auxiliary Enterprises
• Collections to support the extracurricular activities of students
• Activities benefiting scholarship funds or student activity programs
• Fees and other payments for services rendered by medical, dental, or other health care professionals
• Net proceeds from interest in real property

Special Funds, a subset of Institutional Trust Funds, include:

• Intercollegiate Athletics
• Agency Funds – Any funds that the University holds on behalf of another.  Used to account for resources held by the University in a custodial capacity.