Funding for Student Organizations
Recognized student organizations with Ithaca College accounts may have two different types of funding, Raised Funding and IC Funding. These two types of funding are tracked separately, although they are both held in one account.
Raised funding includes any funds raised by a student organization, which includes: ticket sales, merchandise sales, donations, and any funds received from non-IC organizations or departments. Raised funding may be spent for an approved purchases for student organization operation, programming or travel.
Any funding raised that is left unspent in a student organization’s account at the end of the academic year in May will roll over into the next academic year, up to one year. If a student organization has questions about the rollover policy, they are encouraged to contact the Student Organizations Business Coordinator. Rolled over funds must be spent within the current academic year or will be lost at the end of the May.
IC funding includes any funds that are received from within Ithaca College. When departments from within the College grant the funding to a student organization, it is typically for a specific purpose. Therefore, all funds received from within Ithaca College may only be spent for the designated intention. Once all purchases have been made, all unused IC Funds will be returned to the department from which it was received from. IC Funds do not roll over from year to year.
Because departments from within the College grant the funding, these funds are usually given to a student organization for a specific purpose; therefore, these funds may only be spent for the designated intention. Once all purchases have been made all unused IC Funding must be returned to the department from which it was allocated.
After a specific department allocates funding for a student organization’s event, the Student Organizations Business Coordinator will contact the account manager of the source department (please provide contact information) to arrange the transfer of funds. Do not provide the student organization account number directly to another department.
Student Governance Council
Each year, the Vice President of Student Affairs and Campus Life budgets Ithaca College funds for student organization initiatives. This money is reserved for the exclusive use of student organizations and is allocated by the Student Governance Council (SGC). To be eligible for SGC funding, a student organization must complete the recognition process and have an Ithaca College account through the Office of Student Engagement and Multicultural Affairs.
The SGC Appropriations Committee considers funding requests from student organizations throughout the academic year and makes allocations after carefully considering proposals, initiatives' potential impact on the out-of-class experience, and other Ithaca College resources that might be available. For more information, please contact the Student Governance Council Vice President of Business and Finance at email@example.com.
Residence Hall Association
The Residence Hall Association receives an allocation from Ithaca College to support student life initiatives and may also be a source of funding for student organizations. For more information, please e-mail firstname.lastname@example.org.