{"id":611,"date":"2013-10-04T10:22:50","date_gmt":"2013-10-04T14:22:50","guid":{"rendered":"http:\/\/carleton.ca\/facts\/?page_id=611"},"modified":"2025-04-17T11:59:01","modified_gmt":"2025-04-17T15:59:01","slug":"funds-trust-fit","status":"publish","type":"page","link":"https:\/\/carleton.ca\/facts\/glossary\/f\/funds-trust-fit\/","title":{"rendered":"Funds in Trust (FIT)"},"content":{"rendered":"<h3>What is it?<\/h3>\n<p>Funds in Trust (FIT) are money that belong\/s to one person\/entity but is legally held or managed by another person or organization.<\/p>\n<h3>Why is it important?<\/h3>\n<p>University Funds in trust are created when an outside organization provides money to be administered by Carleton University on their behalf.\u00a0\u00a0 These FIT accounts are assigned unique <a href=\"http:\/\/carleton.ca\/facts\/fund\/\" target=\"_blank\" rel=\"noopener noreferrer\">Fund Codes<\/a> and reside on the b<a href=\"http:\/\/carleton.ca\/facts\/balance-sheet\/\" target=\"_blank\" rel=\"noopener noreferrer\">alance sheet<\/a>.<\/p>\n<h3>Where do I find more information?<\/h3>\n<p>For further information on the creation and administration of Funds, contact the <a href=\"&#x6d;&#97;&#105;&#x6c;&#x74;&#111;&#58;&#x63;&#x6f;&#110;&#116;&#x72;&#x6f;&#108;&#108;&#x65;&#x72;&#115;&#111;&#x66;&#x66;&#105;&#99;&#x65;&#x40;&#99;&#97;&#x72;&#x6c;&#101;&#116;&#x6f;&#x6e;&#46;&#99;&#x61;\">Controller&#8217;s Office<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is it? Funds in Trust (FIT) are money that belong\/s to one person\/entity but is legally held or managed by another person or organization. Why is it important? University Funds in trust are created when an outside organization provides money to be administered by Carleton University on their behalf.\u00a0\u00a0 These FIT accounts are assigned [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":61,"menu_order":141,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Funds in Trust (FIT) - Financial Administration Community Training &amp; Solutions<\/title>\n<meta name=\"description\" content=\"What is it? 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