Form 8282 for South Bend Indiana 2021-2025

Form 8282 for South Bend Indiana: What You Should Know

Form 8283 and Form 8283-N for donations with the University and the Gifts Fund Manager will notify donors who gave at least 50,000 for the first six months of the calendar year of their gift in order to receive a 5-month extension from a September 1st to the close of October 15th. 1.0 — Office of the Provost The Indiana University Foundation is responsible to the University to administer IUF as a separate and independent entity. A Form 8284 is filed with the University and with the Gifts Fund Manager once it has begun to distribute funds. Form 8284, IUF Form 8284, Fund Administration Form — University Foundation This is used to report the asset retirement to the University. Once the IUF has begun to accept and distribute its assets and distributions have been made by the donors to the University, an IUF Fund Administration Form 8284F will be sent directly to IUF and then transferred to the IU Foundation by either the Gifts Fund Manager or the University Foundation. The Form 8284F will explain all items reported in the Form 8284, including all distributions of funds. The Form 8284 will also record the disposition to the University. 2.0 — Gifts Fund Manager This is used to transfer funds from the Gifts Fund Manager to the IU Foundation upon a donation transaction. Donors on IUF account can directly contribute to the IU Foundation by making the following deposits into their own checking account. Any gift funds in excess of 500,000 will be held in separate accounts and held in a separate custodial account that does not belong to an employee of the University. The IU Foundation makes the payment in the donor's name with the name of the donor's estate attached. To make the contribution, a check must first be mailed to the University Foundation, which sends the check to the Gifts Fund Manager who then transfers the funds to IU Foundation. Donations are processed by the University Foundation's office in Indianapolis, Ind. Funds are made available to various University departments or units and will be administered by the Office of the University Secretary. The University Foundation will make distributions of assets on a quarterly basis to the IU Foundation in Indianapolis upon receipt of a donor certification. A Form 8284G is used for donation transactions, except for donations of 25,000 and up to the end of the calendar year, for which Form 8284H is used. The IU Foundation is responsible to the University to administer IUF as a separate and independent entity.

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