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Meet FAI’s Associated Entity Operations Office

Finance News

The copper wolves at Wolf Plaza in the fall. Photo by Becky Kirkland.

Jul 18, 2023

Contributing to the Zero Waste Wolfpack Mission

Written by Bill Carlson. One critical initiative listed in the NC State Sustainability Strategic Plan is to achieve a 70% landfill diversion rate from the 2006 baseline toward zero waste. The NC State Materials Support team has a few tips of their own for how a simple step can make a huge difference in the…
Six vintage microphones, all different styles, sitting on a wooden table

Jun 20, 2023

Meet Sharon Loosman

Written by Tabitha Groelle. In our fifth edition of our Chatting series, I spoke with Sharon Loosman, Director of Procurement & Business Services. Procurement & Business Services has been a part of the Finance Division since July 2010 and was previously known as Materials Management.  Sharon was promoted to Director in 2011. Let’s get to…
Bill Carlson, Vince Rogers and Maria Brown, Finance Division Honorees for the 2023 Awards for Excellence

Jun 20, 2023

2023 Awards for Excellence: Finance Division Honorees

Written by Sharon Loosman. The NC State University Awards for Excellence program recognizes the accomplishments and achievements of NC State employees. It is the highest honor bestowed upon any non-faculty employees at NC State.  This year, the Finance Division nominated three highly qualified individuals.  The three employees were honored at the Office of Finance and…
Foreign National Tax Compliance web page

Jun 19, 2023

Payments to Foreign Nationals are Taxable

Written by Dwaine Cook. Did you know that payments to foreign nationals are taxable? Both the United States Citizenship and Immigration Services (USCIS) and the Internal Revenue Service (IRS) impose complex regulations for payments to foreign nationals. USCIS and IRS refer to foreign nationals as nonresident aliens.  With a large and growing international population, we,…
The cover of the book Science: The Endless Frontier by Vannevar Bush.

Jun 19, 2023

Federally Funded Research: Why?

Written by Justo Torres, Director, Contracts and Grants We all take it for granted that the Federal Government funds research at every major university in the United States. At NC State in FY 2022, nearly 44% of our research expenditures were federally funded. Why? Believe it or not, the research partnership between universities and the…
Our Three Winners Giving Space memorial plaque

Jun 19, 2023

Our Three Winners Giving Space

Written by Martha Neal. On August 13, 2019, the University Cashier’s Office dedicated the Our Three Winners Giving Space in memory of NC State students Deah Barakat, Yusor Abu-Salha and Razan Abu-Salha.  In conjunction with Feed Their Legacy, a united movement by American Muslims to collect and distribute food to the hungry, this giving space…
Finance Division Service Portal

Jun 19, 2023

Year End Foundation Project Balances

Written by Emily Lowman. Did you know that balances in Foundation (Ledger 6) and The Endowment Fund (subset of Ledger 7) projects roll forward annually? The process of rolling these balances forward at fiscal year end is different from other fund sources at the university. The beginning balance roll forward is a manual process completed…
Honorarium

Jun 19, 2023

Honorariums are Not One-time Supplier Payments

Written by Megan Catt. What is an honorarium? An honorarium is a monetary token of appreciation given in lieu of payment for services. If you want to give an honorarium but the recipient is not set up as a supplier with NC State or their information has changed, you will need to send them an…
A screenshot of the Foundations Accounting & Investments homepage

Jun 19, 2023

FAI Launches a New and Improved Website!

Written by Emily Lowman. The Foundations Accounting & Investments (FAI) website has a new look! While the link remains the same, the look, organization and content are much improved. Visit our website to learn more about who FAI is, including our two offices: Associated Entities Operations (AEO) and the Office of Investments (OI). The new…
The copper wolves at Wolf Plaza in the fall. Photo by Becky Kirkland.

Jun 19, 2023

Meet FAI’s Associated Entity Operations Office

Written by Emily Lowman. Foundations Accounting & Investments (FAI) is a multi-service central office at NC State University that reports to the Associate Vice Chancellor for Finance and University Treasurer. Under the direction of Sr. Director Erin Delehanty, FAI exists to support NC State University by providing exemplary accounting, investment and treasurer support services to…