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Business Policy and Procedure

55.050:  Purchasing - Ohio University Foundation Accounts

Status:Approved on January 6, 2004Signatures and dates
on archival copy
Effective:when approved 
Initiated by:Mary Patacca
Director of Procurement Services
Reviewed by:Herman ("Butch") Hill, Chair
Policy and Procedure Review Committee
Endorsed by:Gary North
Vice President for Administration and Finance
Approved by:Stephen Kopp
Back Policies & Procedures Reviewers Forms Next

Numeric Index Policy and Procedure Alphabetical Index
  1. Purpose

    This policy acknowledges and explains the unique purchasing guidelines in place for purchasing items using Foundation funds.

  2. Policy

    All Requisitions to be processed against Foundation accounts are handled according to routine Purchasing policy and procedure, with the following exceptions:

    1. The requirements of Policy 55.007, "Purchasing - Competitive Bidding," do not apply. Regardless of the dollar amount of the expenditure, competitive bidding is not required for items purchased solely with Foundation funds.

    2. Some items that are not permitted for purchase using other University funds (as described in Policy 55.003, "Purchasing Authority: Vendor Selection, Personal Purchases, Land and Building Acquisition, Conflict-of-Interest") may be permitted on Foundation funds. See Policy 03.016, "Foundation Expenditures," for a detailed listing.

  3. Procedures

    Departments using Foundation funds for a purchase may use a P-card, a Direct Payment Form, or a Requisition as appropriate. Invoices are to be sent to the initiating department for approval and forwarded to the Ohio University Foundation Office for payment.

Administrative Policy Manual

Andrea Swart revised this page
on August 8, 2017.

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