Policy 3106 - Gift Receipting and Acknowledgment
Effective Date: 8/26/2000
Responsible Office: Vice President for University Advancement
Receipts are issued for every gift received regardless of the size of the gift, subject to the exceptions listed below. Donors receive both a printed receipt and a letter of thanks from the Foundation. University colleges and other units are notified by the Foundation of gifts designated to their areas; some unit heads also send letters of thanks to the donors.
The Receipt and the Foundation’s letter of thanks are generally sent within forty-eight hours of the receipt of the gift. Receipts include such information as the date, donor’s name, address, identification number, and gift allocation. Donors of gifts up to $1,500 receive a letter of thanks from the Vice President for University Advancement and the Executive Director for University Advancement; donors of gifts of $1,500 and more receive letters of thanks from the President of the University.
Standard receipts may not be issued in the following circumstances:
- The standard receipt is usually not sent for gifts-in-kind. Donors receive an official letter of acceptance from the Foundation.
- The standard receipt may not be issued for gifts which must be valued by independent appraisal, including closely-held securities, real estate, mineral interests, and other special gifts. Donors receive an official letter of acceptance from the Foundation.