Policy 3103 - Gift Acceptance
Effective Date: 8/26/2000
Responsible Office: Vice President for University Advancement
All gifts made to the Louisiana Tech University Foundation are officially accepted by the Board of Directors of the Foundation upon recommendation of the Executive Committee of the Board of Directors.
Gifts of securities, real estate, mineral interests, business property, gifts-in-kind, and deferred gifts are subject to special acceptance procedures by the Executive Committee of the Board of Directors.
All proposed gifts are reviewed by the Foundation and may be refused if the proposed gift violates Internal Revenue Service regulations, other state and federal laws and regulations, are discriminatory, would subject the Foundation to unacceptable liability exposure or undue administrative costs and burdens, or are inconsistent with the missions of the University and the Foundation.