There are many unallocated costs associated with the receipt and administration of gift funds. The purpose of APC is to more appropriately allocate the costs associated with gift funds with their use.
APC is administered at a flat rate of 8% per gift. The following information relates to the administration of APC on restricted funds. For questions regarding APC on gifts to unrestricted funds, please contact the Office of Budget and Financial Planning.
The cost of using an endowment gift is booked in conjunction with spendable distribution. Distribution will be shown net of related APC charges.
In general, gifts are subject to an 8% charge when the gift is used. The charge is calculated based on expenses incurred and is booked monthly to account 70022 – Allocation – Associated Program Costs.