Home » University Records Center » Resources » University of Pennsylvania Records Retention Schedules » Financial Records
Accounting, Finance and Payroll
| Accounts payable and receivable records | 5 years |
| Books of accounts | 7 years |
| Banking records | 7 years |
| Financial statements; annual reports to government agencies | permanent |
| Budgets | permanent |
| Payroll records | 7 years |
| Employee benefit plans | 1 year after term of plan |
| Records of property subject to gain or loss treatment | 7 years after taxable disposition |
| Records supporting items of income, deductions and credits | 7 years |
| Tax returns and supporting records | 7 years |
Development
| Fundraising | 5 years after end of registration period |
| Endowment | permanent |
