Frequently Asked Questions
How do I open a UB Foundation Account?
Through a memo (via campus mail to the Center for Tomorrow or e-mail email@example.com) you need to forward the following information: The desired name on the account, who will be the signatory to authorize expenditures, the source of funding, and the purpose for the account.
Who can make a deposit?
Anyone can make a deposit. You have to have signatory control to process a disbursement.
Is a Travelers Check considered a check or cash?
It is a check.
Do you send a receipt for gifts?
Yes. If a gift is from a corporation or organization, include the name and title of the individual who needs to receive the receipt.
When will the funds be available?
The funds will be available at the time you make the deposit. Be sure to tell your accounts payable clerk that you made a recent deposit.
How will I be notified if a bank returns a check I deposited?
As soon as the bank notifies the UB Foundation, we will return the item to you with supporting documentation from the bank. A $10 bank-imposed charge will be reflected for each bounced check.
Is there an online gift form?
What if I have a check not payable to UBF that I need to deposit to my account?
If the check is made payable to an individual, that person needs to endorse the back of the check with his or her signature and note “payable to UBF.” If a check is made payable to another UB entity, we will send it to him or her for endorsement.
How do I send my deposit to UBF?
Deposits can be received via campus mail, U.S. mail or hand delivery to our offices. (We require cash to be hand-delivered.) Addresses are:
- Campus Mail: UB Foundation, Center for Tomorrow, North Campus
- U.S. Mail: UB Foundation, P.O. Box 900, Buffalo, NY 14226-0900
Can a foreign check not drawn on a U.S. or Canadian bank be deposited?
Yes, payments greater than $150 will be sent for collection. It can take 4 to 6 weeks to collect the funds. Funds will not be deposited until collected. Due to increasing collection fees, it is recommended that payments from foreign countries are made with a credit card or have the funds wired to the bank.
Acceptable foreign checks for deposit must be drawn on a U.S. bank and have banking routing and accounts numbers along bottom portion of check. This type of check can be for any amount.
Can I donate through payroll deduction or electronic funds transfer (EFT)?
Yes, download the required form and send to us at one of the addresses mentioned above.