Current through all regulations passed and filed through December 16, 2024
(A) Policy statement. Gifts for the benefit
of Youngstown state university ("the university") help the university fulfill
its mission of education, scholarship, research, and service. The Youngstown
state university foundation ("the foundation") exists to secure gifts for the
benefit of the university. In order to provide long-term managed financial
support for the university, the foundation and university have mutually agreed
that gifts to the university shall be made through the foundation in accordance
with the "Youngstown State University Development Transfer and Service
Agreement" (available through the office of the general counsel) and this
policy.
(B) Purpose. To provide
guidance to the university community, the foundation, and the general public
regarding the solicitation, acceptance, and management of gifts for the benefit
of the university.
(C) Scope. This
policy applies to all fundraising efforts to benefit the university and the
management of such funds. This policy does not apply to the fundraising efforts
of the university's public radio station ("WYSU"), the Rich center for autism,
and the penguin club, which may continue to raise, bill, and acknowledge their
own gifts and/or funds.
(D)
Definitions.
(1) "Gift." The voluntary
irrevocable transfer of an item of value from an individual, corporation, or
organization for the benefit of the university with no expectation of a return
of goods or services. Gifts may consist of real or personal property, both
tangible and intangible, and may be restricted, unrestricted, for permanent
endowment, pledged, deferred, or made outright.
(2) "Conditional gift." A gift which is
subject to or dependent on a particular event or occurrence.
(E) Parameters.
(1) The university and the foundation shall
work cooperatively to implement donor intent and to fulfill the stated and/or
written strategic fundraising goals and priorities of the university, particularly those aligned with the mission, vision and
values, and that support successful implementation of the strategic plan the
uses for which support achieving one or more goals of the plan.
(2) Gifts to the university shall only be
accepted in accordance with all applicable federal or state laws, university
policies, and written agreements between the university and the
foundation.
(3) The university and
the foundation reserve the right to refuse any gift which is too restrictive in
purpose, requires an unreasonable expenditure of the university or the
foundation resources, is contrary to law, compromises the mission of the
university, or is based on a vague or uncertain condition.
(4) When conducting fundraising activities, a
university division, department, or college must coordinate with the foundation
to ensure that such activity does not conflict with any ongoing or planned
foundation fundraising activity or prospects.
(5)
When determining
the acceptance of gifts, the university and the foundation shall consider any
long-term and/or ongoing costs or commitments associated with or resulting from
the gift.
