����AV

Procedure

1. Gifts defined: Gifts are outright or deferred contributions received from individuals, partnerships, corporations, foundations, trusts, and other organizations (“donors”) for which neither goods nor services (other than general reports and fulfillment of donor intent) are expected, implied, or forthcoming for the donor in return.
2. Receipt of gifts generally: All gifts to the College should be directed to the ����AV Foundation, except that gifts to student clubs formed under the Associated Student Government are directed to the clubs (although oversight of student club fundraising activities will be coordinated through the ����AV Foundation). When making gifts, donors may lawfully designate or restrict the uses and purposes of their gifts to particular areas or programs of the College, and if a donor does so and the Foundation accepts the gift,��the Foundation and the College will respect the designation or restriction.
3. Outright Gifts: An outright gift is a contribution of cash or property to the College in which the donor retains no interest. All unrestricted outright gifts will be deposited to the Unrestricted/Annual Fund.
4. Non Cash Gifts: Non cash gifts (a.k.a. in-kind gifts) are donations of property other than cash, money, or checks. All non cash gifts will be accepted and disseminated through the ����AV Foundation in accordance with its Non Cash Gift Acceptance Procedures and��the College’s Inventory Policy Chapter 3. Section 10.