Donated tangible personal property, real property and other assets
will be sold unless the donated property directly contributes to the
University's central mission. Absent explicit donor restrictions, income
from the sale is credited to the unrestricted or endowment funds of the
Tangible personal property includes, but is not limited to:
The process to sell/dispose of tangible personal property is:
Real property consists of real estate both improved (i.e., detached
single-family residences, condominiums, apartment buildings, rental
property, commercial property, etc.) and unimproved (i.e., acreage).
The process to sell/dispose of real property is:
Other assets include, but are not limited to, promissory notes,
assignment of promissory notes, partnership interests, and restricted or
non-publicly traded securities.
The process to sell/dispose other assets is:
Capital Assets Management Policy, Gift Acceptance Policy (available from University Development), Gift Accounting Policy.
Contact the Controller's Office for additional information.