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Office of the Comptroller
TO: University Administrators
FROM: Patricia Ferriter, Manager, Non-Salary Disbursements
SUBJECT: Revision to Financial Policy 1206
DATE: July 30, 2008

Effective immediately, Financial Policy 1206, Gifts to Other Not-for-Profit and Charitable Organizations has been revised as follows:

  1. Payments by the University to other not-for-profit and charitable organizations in the form of a contribution or gift are prohibited unless approved in writing by the Comptroller, or in the absence of the Comptroller, any of the Associate Comptrollers.
  2. All requests must be submitted in writing, describe the reason for the gift, and provide proof that the entity is considered a not-for-profit or charitable organization under IRS regulation.