Agency Fund Administrative Policy
Policy
Wake Forest University acts as a custodian or fiscal agent of certain resources on behalf of other organizations. These resources are deposited with the institution for safekeeping, to be used or withdrawn by the depositor in accordance with agreed-upon terms and conditions. The University does not own these funds but does have a fiscal responsibility to manage them properly. The University accepts these resources only when the organization will use the funds for activities consistent with, in support of, or which enhance the University’s mission and where there is an agreement that the University will act as a fiscal agent for the organization. Since the University does not own these funds, Wake Forest University gift credit generally may not be received for gifts to such funds.