Policy 1206: Gifts to Other Not-for-Profit and Charitable Organizations
Subject Area: Procurement/Disbursement
Responsible Office: Financial Services
Sponsor: Chief Financial Officer
Originally Issued: October 1992
Revised: January 1995, July 2008, February 2010
Refer Questions To: Shared Services Help Desk, 773-702-5800
Purpose: To define the University’s policy on gifts to other not-for-profit and charitable organizations. A not-for-profit and charitable organization is defined as any organization supported by charitable giving regardless of tax exempt status.
Payments by the University to other not-for-profit and charitable organizations in the form of a contribution or gift are prohibited unless approved in writing by the Associate Vice President for Finance, or appropriate delegate authority.
All requests must be submitted in writing and describe the reason for the gift, and provide proof that the entity is considered a not-for-profit or charitable organization under IRS regulation.
Modest ($500 or less) cash donations to other not-for-profit and charitable organizations in the name of a deceased employee or employee’s immediate family member are allowed as an exception to this policy.
All authorized payments to not-for-profit and charitable organizations must be charged to Financial Accounting Systems subaccount 9905. See Financial Policy No. 1013 for the University Policy on unallowable costs.