Gifts and Donations
Departments must coordinate with University Development to ensure that the campuses in kind gift acceptance requirements are met and the donation is properly acknowledged with appropriate authorization signatures. University Development is responsible for itemizing and obtaining the fair market value of donated gifts and reporting this information to the appropriate departments and to accounting services. University Development has the responsibility for final disposition of donated property when no longer needed by the campus departments. Donated property with a value of $5,000 and over shall be dispositioned by University Development.
Departments considering accepting gifts of properly from donors should contact University Development for guidance regarding gift procedures.