Basic Gifts
University Foundation Basic Gifts
University Foundation basic gifts are established by the University when requested and approved in writing by the department head and Dean.
The following information must be included on the AS492: Request to Establish Basic Gift - LSU Foundation
- Purpose/function of the account. The function must be the same as the donor’s intent.
- The Foundation project ID
- Effective Date, if different than the date of the request
- Principal Investigator’s Name
- Cost center contact person and phone number
- Scholarship/fellowship criteria and other donor restrictions must be attached if requesting a scholarship/fellowship account. Also, if for scholarship/fellowship, page 2 must be completed.
- Form must be approved by the LSU Foundation.
The University will charge the current FB rates (regular, transient/WAE, and GA) and GA tuition remission rate. Normally, F&A costs are not charged to University Foundation accounts.
Completed forms should be sent to the Foundation for approval. The Foundation will then forward to SPA for account set up at spa@lsu.edu.
A basic gift worktag will be in the format of BG000000.
Other Basic Gifts
All cash gifts should be routed through the LSU Foundation.
In the rare circumstances where there is a basic gift that was not received by the Foundation, the University will charge the current fringe benefit rates (regular, transient/WAE, and GA) and GA tuition remission rate. Normally, F&A costs are not charged to Basic Gift accounts.