Ohio Administrative Code
Title 3364 - University of Toledo
Chapter 3364-55 - Philanthropic Gifts and Fundraising
Section 3364-55-02 - Gifts in support of the university
Universal Citation: OH Admin Code 3364-55-02
Current through all regulations passed and filed through September 16, 2024
(A) Policy statement
The board of trustees, for and on behalf of the university, may accept all gifts and shall administer such gifts according to the terms agreed upon with the donor. The university of Toledo foundation is recognized by the board of trustees as the official gift-receiving entity of the university. The foundation shall administer gifts in accordance with terms agreed upon with the donor in an applicable fund agreement.
(B) Purpose
This policy provides for the request for, acceptance, and administration of gifts in support of the university.
(C) Procedures
(1)
There shall be no request for philanthropic gifts by
any individual, division, college, school, department, organization or group
for any purpose connected with the university without prior approval of the
vice president for institutional advancement or designee.
(2)
Prior to
acceptance and receipt, all gifts, including in-kind gifts, in support of the
university, whether for the benefit of the entire university or any of its
divisions, colleges, schools, departments, or other organizations or groups,
shall be reported to the division of institutional advancement which bears
responsibility for reporting such gifts to the president, the board of
trustees, and the foundation for acceptance and
acknowledgement.
(3)
No gift shall be accepted, without express authority
and prior approval of the board, if the maintenance of the gift will add to the
ordinary operating budget of the university.
Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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