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Undesignated and Pending Donor Designation Gifts


‚ÄčNo gift shall remain undesignated for more than one year.  During a time that a gift remains undesignated, pending donor designation, it generates current use income for the general purposes of the university.  Earnings will not accrue to principal unless otherwise agreed upon via a specific gift agreement signed by both the University and the donor.  The Stewardship Office shall work with Development Officers and donors to resolve gift usage designations and purposes where funds have reached a nine month threshold.  If no designation is made within one year, gifts will be identified as unrestricted and utilized accordingly following notification to the original donors or their families when possible.

About This Policy
Last Updated
1/20/2016
Original Issue Date
1/20/2016

Responsible Department
Board of Regents