University Policy 3.16, External Organization Accounts

Cornell acts as a fiscal agent of certain external funds for external organizations (EO) only in limited circumstances as described in this policy. Cornell will authorize EO accounts and act as a fiscal agent only when there is a clear and reasonable justification.  The EO must support Cornell-related activity, or the account otherwise serves a mission-related purpose, as endorsed by the college or division and approved by the Executive Vice President/Chief Financial Officer or their delegate.