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KU Endowment Loan

Policy
Purpose: 

Provide KU faculty and staff information on KU Payroll Endowment Loans.

Applies to: 

All faculty and staff employed by the University of Kansas.

Policy Statement: 

In the event that an employee would miss their regularly scheduled paycheck due to an administrative error out of their control, the KU Endowment Association will grant a payroll loan. The loan will not exceed 60% of the gross wages due to the employee for that specific paycheck.

 

The Payroll office is the only authorized department at the University who may initiate and sign for a payroll endowment loan using the Request for KU Endowment Loan form. Loans will not be granted in cases where the employee themselves caused the delay due to untimely submission of documents, such as late timesheets.

Contact: 

Assistant Comptroller/Payroll

1246 West Campus Road

Room 147, Carruth O’Leary

Lawrence, KS 66045

 

785-864-5966 (phone)

785-864-0369 (fax)

Payroll@ku.edu

Approved by: 
Comptroller’s Office, University of Kansas
Approved on: 
Wednesday, July 22, 2009
Effective on: 
Thursday, July 23, 2009
Review Cycle: 
Annual (As Needed)
Keywords: 
Endowment loan, payroll
Financial Categories: 
Accounting
Payroll
Personnel: Staff Categories: 
Compensation
Personnel: Student Employees Categories: 
Compensation

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