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.

This policy describes the process for reviewing, approving and executing contracts on behalf of the University so that: (i) the contract is reviewed and signed by a University representative with the requisite signature authority as delegated by the Board of Visitors; (ii) the terms of University contracts are consistent with state and federal law, directives and guidelines; and (iii) all reviews and approvals required by University policies are obtained prior to execution of the contract.

This policy describes the process for reviewing, approving and executing contracts on behalf of the University so that: (i) the contract is reviewed and signed by a University representative with the requisite signature authority as delegated by the Board of Visitors; (ii) the terms of University contracts are consistent with state and federal law, directives and guidelines; and (iii) all reviews and approvals required by University policies are obtained prior to execution of the contract.

This policy describes the process for reviewing, approving and executing contracts on behalf of the University so that: (i) the contract is reviewed and signed by a University representative with the requisite signature authority as delegated by the Board of Visitors; (ii) the terms of University contracts are consistent with state and federal law, directives and guidelines; and (iii) all reviews and approvals required by University policies are obtained prior to execution of the contract.

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.