The Foundation is UConn`s organization that receives and manages University donations. When funds are donated, they are distributed to the corresponding Foundation account that matches the donors purpose. The Foundation also can reinvest the funds to benefit the University.
Funds are managed through the FELIX system where a multitude of accounts are held to promote various departments, research initiatives, scholarships and events at the University. Each Foundation account is set up with a description for how the funds are to be utilized.
Expenses are reimbursed by the Foundation through the system PaperSave. A Request for Disbursement (RFD) is submitted to reimburse expenses that were allocated to the Department 6 Ledger KFS accounts. With appropriate backup and justification, the funds are reimbursed by the Foundation accounts.