As part of the Nevada System of Higher Education Board of Regents annual audit process, units will soon receive two review reports for gift accounts with no activity during the past three fiscal years (FY24, FY25, and FY26). 

One report will come from the Foundation for Foundation gift accounts, and the other will come from Business Affairs for Workday gift accounts.

Each report will require units to provide a justification for the lack of activity and outline a plan for how the funds will be used effectively moving forward, or identify any other action that should be taken. The reviews must be complete by August 13. 

Watch for reports and detailed instructions within the next seven to 10 business days. 

Questions about Foundation gift accounts should be directed to Jim Clinton. Contact Alexandra Nikolich for questions about Workday gift accounts.