Date
of Last Review 3/30/07
SME: Director of Public Information & Education
This topic provides information about accepting non-monetary gifts in the form
of goods or stock certificates.
The Volunteer Coordinator solicits goods and services contributions from the community on behalf of UTHCPC.
This table lists who may accept non-monetary gifts on behalf of UTHCPC:
Non-monetary Gift |
Accepted by | ||||
Books or other objects without conditions attached |
Volunteer Services department | ||||
Stock certificates valued under $25,000 |
Administrator and/or Executive Director | ||||
Stock certificates valued over $25,000 |
Administrator and/or Executive Director with prior approval by the following:
|
This table describes the process for accepting and reporting a non-monetary gift:
Stage |
Description | ||||
1 |
The Volunteer Services department accepts the non-monetary gift. | ||||
2 |
The Volunteer Services department places a value on the gift. | ||||
3 |
The Volunteer Services department maintains a record of the donation in a computer database. | ||||
4 |
The Volunteer Services department submits a non-monetary gift report to the following each quarter:
| ||||
5 |
The PIE department forwards the non-monetary gift report to the Administrator and Executive Director. |
This table describes the process for accepting and selling stock certificates valued below $25,000:
Stage |
Description | ||||||||
1 |
Recipient submits the following to Financial Operations:
| ||||||||
2 |
The recipient notifies the Administrator and Executive Director of the gift in writing within 24-hours of receipt. | ||||||||
3 |
The Executive Director notifies the PIE department of the gift. | ||||||||
4 |
Financial Operations submits the stock certificates to the Office of Investments and Trusts at the UT System office. | ||||||||
5 |
The Office of Investments and Trusts sells the stocks. | ||||||||
6 |
The Office of Investments and Trusts forwards the proceeds to UTHCPC. |
Related to regulatory standards
If you have questions regarding the content of this site please contact the
Policy and Procedure Committee. If you
experience any technical problems please contact the MIS Department.
