Guidelines
for Faculty and Staff Gifts to Eastern
Michigan University
| Effective Date: |
09.22.1976 |
Revision Date: |
|
| Chapter Name: |
University
Development |
Policy Number: |
5.11 |
| Policy Name: |
Guidelines
for Faculty and Staff Gifts to Eastern
Michigan University |
| A
PDF version of this policy is available
via this link. |
In order to maintain accepted University fiscal
and budgetary standards and to avoid either misunderstanding
or misinterpretation relative to federal income
tax deductibility and Michigan Income Tax Credit
of contributions to University accounts, the following
guidelines are established:
All gifts must be processed through the EMU Office
of Development for proper recording of fund and
gift purpose as well as acknowledgement.
Gifts to be designated to specific funds should
list the funds and the gift purpose.
Gifts to departments, divisions or colleges
must be used to supplement the general objectives
of the University and they must be strictly accounted
for as if they were general funds.
Gifts cannot be restricted in such a way as to
result in personal benefit to the donor.
Equipment purchased by gifts becomes the property
of the University and must be so inventoried and
listed.
| Authority
for Creation or Revision: |
| Minutes
of the Board of Regents, September 22, 1976:
para. .1692M. |
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