How to get funding
Every year, GSB allocates nearly $1.1 million dollars to student organizations and programs at Iowa State University. We fund organizations in two main ways: through the Allocation processes and through the Senate's accounts.
Requesting money in Regular or Special Allocations
The Regular Allocations process is the normal process through which student groups request funding. This begins the spring before your organization wishes to receive funds. These funds are available from July 1 until June 30 of the following year and they are released for spending between September and October of the fall semester. There is approximately $1.1 million available for GSB to allocate to various student groups during the Regular Allocations process.
The Special Allocations process is for groups that did not go through the Regular Allocations process or for organizations that had an unforeseen expense. This process begins the fall semester prior to the disbursement of funds. These funds are available between January 1 and June 30 of the fiscal year. Only $20,000 are available for distribution during the Special Allocations process.
The process is essentially the same for both the Regular and Special Allocations, however there are a few minor differences. There is a one-week shorter time period for organizations to complete their budgets for the Special Allocations process. Special Allocations also has only one weekend for hearings, whereas Regular Allocations requires three weekends. This time difference is because there is much more money available and more groups requesting funding through Regular Allocations.
Requesting money from the Senate accounts
If you or your organization is looking for funding for a one time expense or a large capital purchase, the Senate's accounts are the way to go. We have two accounts, the Senate Discretionary Account and the Special Projects Account, set up for these purposes.
In order to receive funds from these accounts, a bill must be written by a GSB Senator to request the funds. This process requires at least two weeks to go through the GSB process and to be passed by the Senate. There is about $6,500-$7,000 available in each of the sessions of Senate, and there are three sessions per year. These funds can be used for any items the Senate deems appropriate.
