1.20 Policy on Gifts and Donations

All gifts to the University in the form of money and securities or in other forms, whether for the benefit of the entire institution or any of its departments or activities, must be reported to the President of the University and the Board of Curators. Gifts to the University may be accepted by the Board or by the President of the University or her/his designee. No officer or member of the staff of the University is permitted, without express permission of the Board of Curators, to accept a gift for building purposes or to accept a gift, the maintenance of which will add to the ordinary operating budget of the University.

"Each gift is accepted subject to the general policy of the Board of Curators that the wishes of the donor(s) with respect to the disposition of the gift shall be observed, so long as in the opinion of the Board such wishes do not conflict with the proper administration of the University.