Designated Funds are commonly called Ledger 3 funds and are classified as unrestricted funds. They are designated by a department or college, or are given to Northeastern with contractual obligations that are not related to federal requirements.
Restricted Fund codes are commonly called Ledger 6 funds. They are pledges or gifts made by a donor with restrictions on how the money should be spent. Northeastern’s Donor Relations office and development officers create a Memorandum of Understanding (MOU) that is signed by new donors and outlines the gift restrictions. Donor Relations then works with each college or department to assign a six-digit organization code to the Restricted Fund.
Email the completed form to the Accounting Office at FADailyoperations@northeastern.edu. Please include the MOU and designated organization code. You will receive an email notification when the fund has been created.
Plant Fund codes are commonly called Ledger 7 funds. They are related to capital projects and startup funding for new classrooms or laboratories at Northeastern. Plant Fund requests originate in the Facilities Department (for capital projects) and the Provost’s Office (for startup funds).