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| 1. |
COMMUNICATING WITH DONORS AND DONOR
REPRESENTATIVES |
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A letter and receipt from the President and his/her
designee acknowledging the gift, donation, grant, or endowment
received will be issued to all donors. The Office of Institutional
Advancement, upon proper notice from the authorized University
representative who received the gift, donation, grant, or endowment,
is responsible for the preparation of these letters and for
ensuring compliance with all applicable Internal Revenue Service
Regulations. The Vice President for Institutional Advancement
will determine the system for proper notice to the Office of
Institutional Advancement by the authorized University representative
who received the gift, donation, grant, or endowment, and will
communicate information about this system to the university
community utilizing the standard internal communications system
in place. |
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| 2. |
INTERNAL REPORTING AND RECORDING OF GIFTS, DONATIONS,
GRANTS, OR ENDOWMENTS |
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- 2.1
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The Office of Institutional Advancement, upon
proper notice from the authorized University representative
who received the gift, donation, grant, or endowment, will maintain
records of all gifts, donations, grants, or endowments and will
prepare all required gift reports and disclosure requirements,
including the required reporting to the Board of Regents. |
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2.2 |
The Office of Institutional Advancement will
receipt and record all gifts, donations, grants, or endowments
in accordance with all relevant System policies and accounting
standards. |
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| 3. |
COMPLIANCE WITH FEDERAL AND STATE LAWS AND SYSTEM
POLICIES |
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The Office of Institutional Advancement, upon
proper notice from the authorized University representative
who received the gift, donation, grant, or endowment, will be
responsible for ensuring compliance with all Federal and State
Laws and System Policies pertaining to gifts, donations, grants,
and endowments. |
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| Contact for Interpretation: Vice President for
Institutional Advancement
This rule replaces University Rule 1.2.18 |
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