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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:
- 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.
- 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.
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