1. All the initial paperwork has been signed now what?
When the campus budget officers receive the paperwork and review the budget, they
should set up the account according to standard procedures for FEMP accounts.
The University Budget Office checks the budget to ensure it meets with donor intent as determined by the
Donor Agreement, and submits a copy to the IUF for their files. As soon as the
University Budget Office approves the budget, the departments may begin activity on the account, including
appointing a current or recruited faculty member.
2. How much may I budget on my FEMP account?
You should budget the full current-year matching funds, plus the amount of current-year projected
earnings necessary for the appointed faculty. Budgets should reflect reality, so do not
budget all the earnings unless they will all be used in the fiscal year.
Should an account have excess matching funds or earnings at the end of a fiscal year, the
earnings remain at IUF for use in future years, and the matching funds carry forward
to the next fiscal year. During future years, if you need to use the excess matching
funds, you can increase the current budget by the necessary amount using the "balance
carry-forward" object code (0110). If the excess earnings are required, they can be budgeted
as the current funds are budgeted. You may not budget carry-forward
funds as part of the base budget.
3. What may I use the FEMP funds for?
The Donor Agreement and current IU policies and guidelines determine uses of the funds.
Matching funds are taxpayer-supported university funds, and are subject to all normal
university policies and guidelines. Earnings are non-taxpayer supported funds and are
governed by the general IU policies and by the Donor Agreement. For specific guidelines,
see the Procedures
4. Is the Program flexible with regard to changing the endowed
The Donor Agreement and the department or unit that has the endowed
the frequency of change of the holder of the chair or professorship.
5. What is the revenue source for the university match?
The president's office provides one-half of the match. The campus will determine whether its half of the match
will come from campus, school, or department resources..