Opening New Accounts
The opening of a new account requires a coordinated effort between the Restricted and Endowment Funds department, the requesting department and, in most cases, the Rutgers University Foundation. In order to open a new Restricted or Endowment account the following general requirements must be met:

• A contribution must be received from a donor that meets the minimum amount requirements. The minimum amount requirements are based upon the contribution type.
• A fund agreement must be obtained which is signed by the donor for all Endowment accounts or Restricted accounts related to scholarships, fellowships, prizes or student awards. All other types of Restricted gifts require donor support (fund agreements are preferred) which identifies the detailed purpose of the contribution and a budget of estimated expenses.
• A New Account Questionnaire must be completed in its entirety. Prior to completing the New Account Questionnaire, a log number must be requested and assigned by the Restricted Senior Accountant (see contact information in the "Quick Info" menu).

The Restricted and Endowment Requirements Guide provides a matrix which defines the minimum contribution requirements and supplemental requirements by contribution type.

For detailed process flows related to the Restricted and Endowment account opening processes, please refer to the following links.

Restricted Account Opening Process
Endowment Account Opening Process