These funds are established to administer programs funded by restricted sources. Spendable Gifts carry donor-imposed restrictions. As such, expenditures are limited to the initiative specified by the donor. These funds are generally supported by expendable contributions.
Spendable Gifts (discretionary, restricted gifts, etc.) are not budgeted by specific line item. Rather, these funds are monitored based on the underlying restriction/designation and are not permitted to run in a deficit position.
Key Criteria for Establishing a Spendable Gift
To establish a spendable gift, we require a letter from the donor(s) or other fundraising documents that state the intent of the donation is to be a spendable gift. The letter should list the restriction/purpose of the fund. In addition, the university requires a minimum donation of $5,000 to establish a new gift worktag. If that donation is spread over multiple payments, a fully executed restricted pledge of $5,000 is required for the account to be considered a spendable gift.
Contact Information
Rocio Rivera
Restricted and General Funds Accountant
Phone (619) 202-3810
Email rrivera@sandiego.edu