Associated Program Cost Administrative Policy
Policy
Wake Forest University incurs both direct and indirect costs associated with administering restricted gifts, whether endowed to provide resources for core activities into the future or to support current operations. Indirect costs include, but are not limited to, classroom space, office space, administrative support, supplies, information technology, and laboratories. To support a portion of the indirect costs associated with programmatic needs, the University applies an Associated Program Cost (“APC”), or indirect recovery rate, to donor-restricted gifts and endowment gifts. This practice ensures that the appropriate indirect costs are charged to the current funding source. This reduces pressure on resources generated by tuition, fees, and other unrestricted sources and allows their use for operational and strategic initiatives.
Related Procedures
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