Board of Visitors minutes :: May 23, 1992 :: University of Virginia Library

APPROVAL FOR THE SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER TO DISINVEST PRINCIPAL OF THE UNRESTRICTED QUASI-ENDOWMENT TO FUND PRE-CAPITAL CAMPAIGN EXPENSES

APPROVAL OF CHANGES TO THE AUDIT DEPARTMENT'S CHARTER

APPROVAL OF REVISION IN TUITION AND REQUIRED FEES AND OTHER CHARGES FOR CLINCH VALLEY COLLEGE

APPOINTMENT OF MEMBERS TO THE CLINCH VALLEY COLLEGE ADVISORY COUNCIL

RESOLUTION FOR AUTHORIZATION TO PARTICIPATE IN COMMONWEALTH OF VIRGINIA 9-C BOND ISSUE

RESOLUTION REGARDING UNIVERSITY-RELATED FOUNDATIONS

APPROVAL OF GIFT CREDITING AND VALUATION POLICY

APPROVAL OF SUMMARY OF AUDIT REPORTS

APPROVAL OF STATEMENT ON AFFIRMATIVE ACTION AND EQUAL OPPORTUNITY

GIFTS, GRANTS AND CONTRACTS

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

[section]

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

[section]

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

[section]

ATTACHMENT A THE CAMPAIGN FOR THE UNIVERSITY OF VIRGINIA GIFT CREDITING AND VALUATION POLICY

GIFTS POLICY COMMITTEE AND GIFT LIMITATIONS THE CAMPAIGN for the UNIVERSITY OF VIRGINIA

Collapse All | Expand All expand section

GIFTS POLICY COMMITTEE AND GIFT LIMITATIONS
THE CAMPAIGN for the UNIVERSITY OF VIRGINIA

I. Gifts Policy Committee

A. Responsibility

Approved crediting policies will cover the majority of anticipated commitments. However, in the event that situations or opportunities occur during the course of the Campaign for which these guidelines are inadequate, there will be a Gift Policy Committee which shall be empowered to resolve any questions regarding acceptance, valuation, and crediting.

The Gifts Policy Committee will approve or disapprove all gifts-in-kind to the university that are not immediately convertible to cash and all gifts-in-kind that have donor-imposed restrictions as to their disposition.

As necessary, recommendations of the Gifts Policy Committee will be forwarded to the Board of Visitors for final approval.

B. Membership

The Gifts Policy Committee will consist of the following:

1. Senior Vice President and Chief Financial Officer

2. Provost

3. Vice President for Development

4. Associate Vice President for Development

5. Treasurer

6. Director of Planned Giving

C. Meeting Schedule

Meetings of the Gifts Policy Committee will be called as necessary by the Associate Vice President for Development, who will serve as chairman of the committee.

II Gift Limitations

Gifts with limitations based on race, color, religion, creed, sex, sexual preference or national origin cannot be accepted by the University of Virginia, except in instances where, after review by the Gifts Policy Committee, such gifts are determined to be non-discriminatory because of the general availability of other gifts or resources.

The following gift stipulations also cannot be accepted by the University for scholarships, fellowships, or other financial aid funds:

A. Those in which a donor designates a specific recipient;

B. Those designating as recipient the donor's relative or descendants;

C. Those based on the future employment of the recipient.

III. Gift Recording

The Gift Recording Department of the University Development Office shall oversee the receipt, recording, depositing, and acknowledgment of all private contributions to the University. Gift Recording in turn will assure that appropriate departments, schools, or fund raising units are notified in a timely fashion regarding contributions restricted for their use.