This change increases the minimum purchase required to obtain a purchase requisition . The SIU Foundation Board also approved an increase in the minimum funding level for a new endowment.
Endowments continue to have a funding time period of five years .
We have been working closely with the Foundation's Advancement Services to complete this task by October 31. There were several software patches that needed to be applied before the closing could be run. These patches have been applied and we hope to close June as well as the other open months in the next several weeks. Thanks for your patience in this matter.