Category: Finances and Fundraising

What is the difference between my club ASUP Account and my club Waldschmidt Account?

These are two separate accounts. The ASUP account is managed by the ASUP Director of Finance. The money in this account comes from the general ASUP budget process, which occurs both fall and spring semesters.

The Waldschmidt account is managed by the Controller’s Office (e.g. Elizabeth Ankeney), and is used when clubs conduct fundraisers or collect club dues. Clubs are not allowed to have an outside banking account – once the students graduate, only they can get access to this account and all the monies generated for this club cannot be accessed by anyone from the university.