8.6.4 Request Payment for Cash Gifts, Prizes, and Awards
Policy Statement
You can give cash gifts, prizes, and awards, in the form of a check or ACH payment, to non-University of Illinois employees for achievement, performance, or a competition for programs and activities that support the primary missions of the University. University of Illinois students may also receive cash gifts, prizes, and awards and may be processed through University Payables if the money is not related to their education or employment at the University of Illinois. These prize and award payments are taxable income reported to the IRS on Form 1099-MISC. Consult 8.1.4 Determine the Allowability of Gifts, Prizes, and Awards to Individuals.
If you want to give a University of Illinois student an education-related gift, prize, or award, consult Payments to University of Illinois Students.
If you want to give an employee, including a student employee, a gift, prize, or award that is related to their employment, consult 4.3.3 Process Employee Recognition Awards.
If the recipient is a student, see 8.10.4 Prizes and Awards.
Procedure
To request payment for cash prizes and awards:
- Confirm the recipient is a U.S. citizen or resident alien. If they are not, consult Payments to Foreign Nationals for instructions on requesting payment.
- Determine whether the payee has a Banner vendor number. For step-by-step instructions, consult the Banner Vendor ID and Address Query job aid. If the payee does not have a Banner vendor number, consult 8.5 Vendor Setup and Maintenance.
- Log in to Chrome River. In the Invoices ribbon select +Create.
- Proceed through the screens. Select "181700-Prizes" from the drop-down Account Code list.
- University Payables (UPAY) reviews the request and processes for payment.
4.3.3 Process Employee Recognition Awards
8.1.4 Determine the Allowability of Gifts, Prizes, and Awards to Individuals
8.5 Vendor Setup and Maintenance
19 Contracts
Chrome River Resource Page
Flowchart to Determine How to Process Payments to Students
Payments to University of Illinois Students
Payments to Foreign Nationals
Foreign Nationals Payment Eligibility Grid
University Payables Training Materials
Last Updated: January 24, 2023 | Approved: Senior Associate Vice President for Business and Finance | Efffective: September 2012