Email: general_accounting@njit.edu
Gifts are voluntary, non-reciprocal transfers of resources to the university. The donor may be an individual, a corporation, or a non-profit organization. There is no expectation of direct economic benefit or provision of goods or services by the university, other than recognition and adherence to any donor imposed restrictions. Beyond a designation on the use of funds, the donor does not impose contractual requirements.
Only University Advancement may accept gifts on behalf of the university.
A restricted gift fund is established to account for and manage funds that have restrictions imposed by a donor (e.g., individuals, foundations, and corporations). The establishment of a separate restricted fund allows for the monitoring of activities of the fund to ensure the funds are being spent in accordance with the donor imposed restrictions.
Barring any donor imposed time restrictions, the net position and unspent budget for restricted funds will carry forward to the next fiscal year.
Journal entries, and all other transaction sources that make up a PPGG or Cost Center’s actuals, are viewable and drillable via the PPGG owner’s or Cost Center owner’s My Budget report. The summarized actuals in this report are hyperlinked and can be expanded to show the underlying transaction detail. Users can then navigate to a specific transaction to view it.
If you still have questions after viewing the transaction detail, or to request a copy of a transaction’s supporting documentation, send an email to general_accounting@njit.edu. Please include in your request the transaction ID (i.e. journal ID, supplier invoice ID, expense report ID, customer invoice ID, etc.) and the nature of your request.