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.