Gifts accepted by the University for specific purposes, will follow the guidelines for physical naming opportunities as set forth on pages 8-9 of this policy, or other endowed fund naming opportunities as set forth in Appendix A (Minimum Gifts & Naming Opportunities).
The Gift Acceptance Committee (GAC), defined in Section V of this policy, must approve all proposals of a contractual nature before submission to the donor if the proposal requests support that directly relates to the institutional mission. When a proposal requires an extraordinary commitment by the institution, approval from the President must be obtained prior to submission to the donor.
The Gift Acceptance Committee (GAC) shall consist of the Vice President for Institutional Advancement (or designee), the Vice President for Finance and Administration/CFO (or designee) and Legal Counsel (or designee). Representatives from other campus departments may be asked to participate on a case-by-case basis depending upon the gift being considered.
The GAC shall review the proposals for all gifts of personal tangible property, closely held securities, family limited partnerships, patents, real estate, and any other assets a donor may wish to transfer that necessitate a commitment of the University. Gifts of these types must be brought before the GAC prior to acceptance. The review should determine whether the gift is:
The review process for all potential gifts brought before the GAC shall follow the guidelines set forth in this policy.
The University provides many opportunities for donors to be recognized for their financial support and contributions through named gifts of both physical entities (buildings, facilities, classrooms, etc.) and non-physical entities (departments, prizes, academic and non-academic positions, student support, etc.). Naming opportunities and gift levels are approved by the GAC. The President and Board of Regents must approve each naming arrangement prior to any representation to the donor. Naming is generally granted for the useful life of the entity unless otherwise