1. Clauses in proposals, gift agreements,
or solicitations that discriminate in favor of or against race,
color, religion, nationality, or national origin are prohibited. The
only exception is if such a restrictive clause is consistent
with University Affirmative Action policies, which currently
permit some race- and nationality-based restrictions. Provisions
that discriminate on age, disability, or sex are discouraged.
2. Preferences for relatives or descendants
in the awarding of scholarships or in the use of donated funds
are unacceptable.
3. Gifts from any donor for a fellowship or scholarship
made on the condition or with the understanding that the award
will be made to a student of the donor's choice will not be accepted. Money
received subject to such restrictions may be credited to a depository
account within the University's Bursar's Office, but it will
not be recorded as a gift to UGA or Arch.
4. The terms of any gift should be as flexible as
possible to permit the most productive use of the funds, consistent
with the original intent of the donor.
5. Gifts that restrict or impede the work or scholarly
activity of a faculty member, fellowship holder, or student will
not be accepted.
6. No fellowship or scholarship gift will be accepted
if the terms of the gift in any way include a commitment for
the future employment of the student recipient.
7. Donors may not select the recipient(s)
of scholarships, awards or any benefits to be derived from their
gift.
8. In certain limited circumstances, the donor of
a gift may serve on a selection, evaluation, or advisory committee
involved in the selection or evaluation of students or faculty
members who would benefit from the gift. These are limited
in number and must meet very specific criteria.
9. Gifts or
pledges contingent on an action the institution would not have otherwise
taken, are not acceptable.
Changing Restrictions
The use of donated funds for a purpose other than that stipulated
by the donor is prohibited. If another use is deemed necessary,
consent for using the funds in a different manner may be sought
from the donor or may be altered in accordance with the terms
of the gift agreement. If the use becomes impossible or
unlawful, court approval may be sought to alter the use. Similarly,
for a donor to change the originally stated use of donated funds,
the change must first be agreed upon by appropriate University
officials.
Rescinding Gifts
As stated
previously, a gift is by definition an irrevocable transfer of property
or money and Arch routinely issues a Gift Receipt for all contributions. These
receipts represent the documentation required by the IRS to claim
a charitable deduction for income tax purposes. Therefore,
in those rare instances in which a donor's gift is returned,
Arch will do one of the following:
a. Request
that the donor return the original gift receipt (this would generally be
most appropriate when the gift is returned within the same calendar/tax year).
b. Issue a
1099 identifying the payment as a source of income (this action would
be taken only if the donor failed to return the original gift
receipt or if
the contribution(s) were made in previous calendar/tax years
during which
the donor would have already claimed the charitable deduction). |