Policy 2     Gift Acceptance

Section 2.6          Gifts of Partnership Interests, Non-Publicly Traded Securities, Closely Held Business Interests or other Business Interests

A gift of an interest in a limited or general partnership, or of stock in a corporation that is not publicly traded, or of restricted stock of a publicly traded corporation may be accepted on behalf of the University, but only after appropriate due diligence by UNGF staff (including such matters as possible liability, the assets of the entity, the liquidity of the interest, the partners’ or shareholders’ agreement, etc.), then subsequent approval by the CEO or COO of the Foundation and recommendation to and approval by the Executive Committee.