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Gifts Received Policy

 

West Virginia University Policy
Division of Administration and Finance

Policy Number: IARA-05
GIFTS RECEIVED POLICY    

General Information    

Reason For This Procedure:

To Whom Does This Procedure Apply:  

Definitions

 

 

Gift

Voluntary exchange of value or benefit from or to another party without directly giving or receiving equal value in exchange.

 

Gift-In-Kind

 

Gifts of physical property intended for use by the institution in its educational or research programs. 

Procedure                         

1.      Equipment and Library Materials Purchased For WVU Units

2.      Gifts-In-Kind (Donated Assets)

 

3.      Third Party Reimbursement Of Expenses Charged To A University Account

4.      Invoices Paid By An Outside Party On Behalf Of WVU

5.      Monetary Gifts

6.   Fringe Benefits Paid by the Foundation on Behalf of WVU

Responsibilities

Procedure Development

Implementation

Interpretation

Contacts

Related Documents

 

Originally Issued: July 1, 2010
Updated: February 8, 2016
Approved by: Daniel A. Durbin, Senior Associate Vice President for Finance