Policies

This policy is intended to: 1) Outline the University’s philosophy on derivatives; 2) Provide guidelines on the use of derivatives; 3) Identify approved derivative instruments; and 4) Establish a control framework related to the use of derivatives.

This policy is intended to: 1) Outline the University’s philosophy on derivatives; 2) Provide guidelines on the use of derivatives; 3) Identify approved derivative instruments; and 4) Establish a control framework related to the use of derivatives.

This policy is intended to: 1) Outline the University’s philosophy on derivatives; 2) Provide guidelines on the use of derivatives; 3) Identify approved derivative instruments; and 4) Establish a control framework related to the use of derivatives.

Establishes the authority to approve individual quasi-endowment transactions.

Establishes the authority to approve individual quasi-endowment transactions.

Establishes the authority to approve individual quasi-endowment transactions.

The University uses standardized gift agreements for (a) commitments of $100,000.00 or more, (b) named endowment gifts at any level, and (c) capital gifts at levels that include naming rights so that gift terms, conditions, obligations, and restrictions are fully and consistently identified, described, evaluated, and appropriately authorized.

The University uses standardized gift agreements for (a) commitments of $100,000.00 or more, (b) named endowment gifts at any level, and (c) capital gifts at levels that include naming rights so that gift terms, conditions, obligations, and restrictions are fully and consistently identified, described, evaluated, and appropriately authorized.

The University uses standardized gift agreements for (a) commitments of $100,000.00 or more, (b) named endowment gifts at any level, and (c) capital gifts at levels that include naming rights so that gift terms, conditions, obligations, and restrictions are fully and consistently identified, described, evaluated, and appropriately authorized.

The University uses standardized gift agreements for (a) commitments of $100,000.00 or more, (b) named endowment gifts at any level, and (c) capital gifts at levels that include naming rights so that gift terms, conditions, obligations, and restrictions are fully and consistently identified, described, evaluated, and appropriately authorized.

To standardize policy on the acceptance, valuation, recording, and disposition of gifts of securities.

To standardize policy on the acceptance, valuation, recording, and disposition of gifts of securities.

To standardize policy on the acceptance, valuation, recording, and disposition of gifts of securities.

To standardize policy on the acceptance, valuation, recording, and disposition of gifts of securities.

The University has established internal controls for the transfer of equipment assets to and from the University to properly record/retire equipment assets in the financial accounting system and adequately insure equipment inventory. In addition, controls over equipment assets serve to avoid any potential adverse impact upon negotiated Federal Facilities & Administrative (F&A) rates and safeguard sponsor awards.

The University has established internal controls for the transfer of equipment assets to and from the University to properly record/retire equipment assets in the financial accounting system and adequately insure equipment inventory. In addition, controls over equipment assets serve to avoid any potential adverse impact upon negotiated Federal Facilities & Administrative (F&A) rates and safeguard sponsor awards.

Where tax-exempt debt is used to finance the construction or acquisition of facilities and capital equipment, the University must comply with IRS laws and regulations applicable to Private Business Use.

Where tax-exempt debt is used to finance the construction or acquisition of facilities and capital equipment, the University must comply with IRS laws and regulations applicable to Private Business Use.

Where tax-exempt debt is used to finance the construction or acquisition of facilities and capital equipment, the University must comply with IRS laws and regulations applicable to Private Business Use.

This policy has been established to inform University employees of their individual obligation and responsibility to comply with the Commonwealth of Virginia’s conflict of interest requirements on behalf of the University as well as The Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Specifically, this policy addresses those instances in which there is a real or perceived conflict between an employee’s professional duties and personal interest (which may include the interest of a family member).