Policy 2 Gift Acceptance
Section 2.3 Donor Restrictions on Gifts
All gifts solicited and accepted on behalf of the University must further the mission and strategic initiatives of the University. The terms of each gift should be as flexible as possible to permit the most productive use of the funds, while accomplishing the donor’s goals.
No restrictions shall be accepted if in violation of local, state, or federal law or noncompliance with the Internal Revenue Code or IRS Regulations.
In accordance with federal and state law, provisions that restrict gifts on the basis of race, national origin, color, religion or nationality are prohibited. Provisions that discriminate on the basis of age, marital status, disability or gender are discouraged, or if disallowed by law, prohibited.
IRS conditions for a qualifying gift, and principals of academic freedom, mandate that:
- Preferences for relatives, descendants or friends of the donor in awarding scholarships or fellowships are not permitted.
- A gift from any donor made on the condition or with the understanding that the award will be made to a student or faculty member of the donor’s choice will not be accepted.
- Any gift that includes a commitment of future employment of the recipient may not be accepted.
- A donor may not serve on a committee that selects or evaluates the recipient beneficiary of the gift.