Funding Student Organizations
Recognized student organizations with Ithaca College accounts may have two different types of funding, Raised Funds and IC Funding. These two types of funding are tracked separately, although they are both held in one account.
Raised funds include any funds raised by a student organization which includes ticket sales, merchandise sales, donations and any funds received from organizations not affiliated with Ithaca College.
Any funding raised each year that is left in a student organization's account at the end of May will roll into the following fiscal year one time. If a student organization has questions about the rollover policy, they are encouraged to contact the Business Operations Coordinator.
Depositing Raised Funds:
Deposits may be made at Cashiering Services on the 3rd floor of Egbert Hall using a deposit slip found on Orgsync. Checks must be made payable to "Ithaca College” – checks made out to a student organization will not be deposited. Cash and checks should be deposited immediately upon receipt to ensure their safe handling. Checks older than one week may not be honored.
Receiving Gifts & Donations
When funds have been given to a student organization that are not in return for goods supplied or services rendered, it may be considered a donation. Funds given to cover participation expenses for a specific individual do not qualify as a donation. However, funds given to cover unspecified members of a student organization may be considered as a donation. Donations should not be deposited directly into a student organization’s Ithaca College account. Donation checks should be written to “Ithaca College” and should be brought directly to the Business Operations Coordinator for processing. Ithaca College must process gifts and donations differently, but the funds will be available for use by the student organization.
Funds from within Ithaca College (IC Funding)
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 Business Operations 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.
IC Funding does not roll over from year to year. Like all departments on campus, it is re-distributed with the new financial year.
Student Government Association
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 Government Association (SGA). To be eligible for SGA 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 SGA 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 Government Association 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.