ERIC Number: ED363181
Record Type: Non-Journal
Publication Date: 1993
Reference Count: N/A
Looking the Gift Horse in the Mouth.
Smith, Francis S.
In today's political, economic, and ecologically-sensitive climate a university's or college's indiscriminate acceptance of gifts can have catastrophic consequences. Some donations of cash or even real property can bring with them legal and political, as well as ethical and philosophical complications that can cost the institution considerable money and embarrassment. This booklet provides guidance on what a gift policy should contain and how it might be implemented. Information provided covers the types of gifts that can be made to an institution such as various kinds of outright cash gifts, real and tangible personal property, wills, commercial paper, life insurance, and charitable lead trusts and gift annuities. The manner in which the gift policy is implemented is also discussed and it is suggested that the institution's governing authority conduct a comprehensive orientation to acquaint individual schools, colleges, and departments with the institution's gift policy. The appendix contains a model university gift policy. (GLR)
Descriptors: Colleges, Corporate Support, Educational Finance, Endowment Funds, Financial Support, Fund Raising, Higher Education, Legal Problems, Policy Formation, Position Papers, Private Financial Support, Program Implementation, Trusts (Financial), Universities
National Association of College and University Attorneys, One Dupont Circle, N.W., Suite 620, Washington, DC 20036 ($6.50).
Publication Type: Guides - General
Education Level: N/A
Authoring Institution: National Association of Coll. and Univ. Attorneys, Washington, DC.