Private gifts received by UCI and the UCI Foundation, will be assessed a one-time 5% Cost Recovery Fee. This is to secure a permanent and reliable source of funding for the infrastructure of UCI’s Development program. Costs recovered by the fee include, but are not limited to, gift accounting, receipt and acknowledgment in accordance with IRS regulations and information systems.

Campus departments have the following options in complying with the policy:

• The 5% cost recovery fee is deducted from the gift when it is deposited leaving 95% of the gift for immediate expenditure. In the case of an endowment, 95% will go to the principal or corpus of the fund.
• The department may request that the equivalent of the 5% cost recovery fee be taken from another source, (unrestricted funds). Upon deposit, the department must identify either a University account and fund or a UCI Foundation fund to charge for the fee.
• Hold the gift in a suspense fund until 5% of the principal is earned in interest. After 5% is earned, the gift is released to the appropriate fund. This option keeps the original amount of the gift intact.

• Gifts-in-kind
• Gifts from outside Foundations that have published bylaws that prohibit the charging of any fees.
• Program Revenue