Adopted September 1, 2009
UNT Division of Advancement’s Policy for Gift Acceptance
This policy applies to all gifts that are accepted anywhere in the university. It is intended
to cover restricted and unrestricted gifts, whether received for current programs and
initiatives, student financial aid, special projects, philanthropic research, facilities, or
endowment. This policy statement does not include research or technical grants which
are covered under UNT policies.
Gift. A voluntary, philanthropic transfer of assets received from an individual, a
corporation, a foundation or other organization. A gift may be made through a number
of vehicles, including but not limited to cash, stock, estates, trusts, in-kind and real
estate. The terms gift and grant are often used synonymously.
Real Property. Another term for real estate. It includes land and things permanently
attached to the land, such as trees, buildings, and stationary mobile homes. Anything
that is not real property is termed personal property.
Tangible Personal Property. All property other than land and buildings attached to land,
that can be felt or touched. Cars, bank accounts, wages, securities, a small business,
furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all
examples of personal property. Personal property may also be called personal effects,
movable property, goods and chattel, and personalty. However, cash and checking
accounts are not tangible personal property.
Gifts of Service. Donations of professional time or labor.
Gift Acceptance Committee
Certain gifts, including but not limited to those involving unusual funding arrangements
as described within this policy statement, must be reviewed by the Gift Acceptance
Committee. The Gift Acceptance Committee receives its authority from the President of
the University and shall be appointed by the Vice President for Advancement. This
committee will make recommendations to the univer