To achieve its vision of excellence and augment state appropriations, The University of North Carolina at Charlotte actively seeks contributions, including gifts and loans of real and personal property and gifts-in-kind, from individuals, foundations, corporations, and other entities. Such benefactions enable the University to achieve its vision of excellence through improved and increased functions, enlarging its areas of service.
The University intends to carry out the donors' intentions respecting all gifts in a manner that provides the greatest benefit to the University and enhances the University's reputation and attractiveness as a recipient of such gifts. To this end, all members of the University community must coordinate their efforts effectively.
All gifts to the University must be coordinated through the University Development Office and in accordance with this Policy and the UNC Charlotte Standards for Gift Acceptance.
II. General Provisions
1. Administrative responsibility for gift acceptance policy
Overall responsibility for coordinating the efforts of all members of the University community and for assuring compliance with the requirements of this policy is assigned to the Vice Chancellor for University Advancement. That Vice Chancellor shall inform the Chancellor and appropriate Vice Chancellors in advance of proposed fund-raising efforts.
2. Authority to solicit gifts
Although advance approval for gift solicitation is required from the Development Office, all administrative units and all members of the University community are encouraged to identify and to assist in soliciting gifts from prospective donors. In order to ensure that solicitations are made in a manner that will best serve the interests of the University as a whole and will not conflict with other solicitations being conducted or planned by the University, the Development Office must review all plans for gift solicitations prior to implementation and acceptance.
3. Ownership of gifts
The Foundation of The University of North Carolina at Charlotte, Inc., (the “UNC Charlotte Foundation”) and The Athletic Foundation of The University of North Carolina at Charlotte are the two chartered bodies specifically established and authorized to accept gifts from private sources for the benefit of the University.
Although the preference is that all gifts other than real property shall be directed to the UNC Charlotte Foundation, gifts may also be made directly to the University of North Carolina at Charlotte. State law requires that title to gifts donated to the University vests in the Board of Trustees of the Endowment Fund of The University of North Carolina at Charlotte unless special provision is made to confer the gift upon The University of North Carolina at Charlotte. In either event, the gift donated is not held by a single department, college, or other administrative unit, but by the University or the Endowment Board.
Donors are responsible for obtaining appraisals required by federal income tax law. Such appraisals, if required by law or particular circumstances, are to be conducted by appraisers independent from the University and selected by the donor. The cost of such an appraisal is the donor's responsibility.
5. Evaluation of costs and liabilities associated with acceptance of certain gifts
Proposed non-cash gifts must be evaluated to determine whether the costs associated with accepting the gift can prudently be accommodated using other University resources. For example, accepting real property may require payment of closing costs, payoff of debt secured by the property, and physical changes to the property necessary to assure safety or control environmental hazards. Likewise, the cost to retrofit space on campus and provide necessary utilities to make a proposed gift of equipment usable for University purposes may exceed the University's capacity to respond. In addition, proposed gifts of real property must be evaluated to determine any liabilities that may be associated with the gift. Occasionally, such associated costs or liabilities may diminish the University’s ability to accept the gift.
The Vice Chancellor for Business Affairs has the authority and the responsibility for prompt, careful evaluation of such costs and liabilities, and shall consult with other Vice Chancellors as appropriate in making such an evaluation.
When a proposed gift potentially influences the academic curriculum, the Development Office will consult with relevant faculty in the college(s) receiving the gift, and their department or unit chair(s), subject to the Standing Rules of the Faculty Council
6. Acceptance of gifts and administration of restricted gifts
The University officials designated to accept gifts on behalf of the University are the Vice Chancellor for University Advancement and the Vice Chancellor for Business Affairs. The Vice Chancellors’ acceptance of any gift is subject to applicable policies and guidelines established by the University, the Board of Trustees of The University of North Carolina at Charlotte, the Board of Governors
of The University of North Carolina, and the Board of Trustees of the Endowment Fund of The University of North Carolina at Charlotte. The Vice Chancellors shall consult with the Chancellor before accepting, on behalf of the University or any other affiliated entity, gifts exceeding $1 million. The authority to accept gifts on behalf of other affiliated organizations is determined by the respective organizations by action of their governing boards.
Donors may request that gifts be used by the University in particular ways. If a gift is accepted, the University intends to honor the express wishes of the donor with respect to gift restrictions, as long as the gift and any restrictions remain applicable, legal, and in the best interest of the University. The Vice Chancellor for University Advancement, in consultation with other Vice Chancellors as appropriate, is responsible for assuring that arrangements are made to achieve compliance with such requests.
When the restrictions requested by a donor are reduced to writing and require agreement by a University official, as in the case of trust agreements, such agreements are to be signed on behalf of the University only by the Chancellor or an official designated in writing by the Chancellor (see University Policy 603.1, Authority to Sign Contracts and other Official Documents
). If the agreement is between the Foundation or Athletic Foundation and the donor, those organizations will designate the individual who may sign the agreement.
In all cases, expenditures related to gift acceptance are to be reviewed for approval in advance by appropriate University officials. Records of expenditures will be kept and audited.
III. Procedures and Regulations
- Colleges, departments, and individuals are encouraged to identify and assist in soliciting prospective donors. Efforts to secure gifts from private sources must be brought to the attention of the Vice Chancellor for University Advancement in advance. The Development Office will assist in identifying potential donors and in making arrangements for solicitations.
- Any private fundraising initiative by a faculty or staff member must be thoroughly reviewed and approved by the appropriate Dean or Academic Affairs administrator in consultation with the respective Director of Development or Development Office representative, and prospect solicitation must be approved and coordinated through the Development Office. The Chancellor’s Directive dated March 9, 2006 is available here.
- The Development Office is responsible for issuing the official gift receipt and donor acknowledgment, and for the proper deposit of gift funds. Individuals, departments, and colleges are all encouraged to express appreciation to donors.
IV. Assignments of Specific Administrative Responsibilities
Vice Chancellor for University Advancement
- Assumes overall responsibility for proper implementation of this policy
- Coordinates and schedules fund-raising efforts by the University's departments or foundations and obtains approval from the Chancellor or appropriate foundation board for these efforts.
- Keeps colleges, departments, or other administrative units apprised of solicitation efforts for their benefit.
- Receives reports from the campus community identifying potential donors and provides support for solicitation; effects administrative coordination with all other units necessary for cultivation, solicitation, evaluation, acceptance, acknowledgement, stewardship, and treatment of gifts in response to donor's wishes.
- Develops specific terms of the gift or loan for presentation to the donor prior to acceptance of the gift.
- After acceptance, promptly prepares for signature by the appropriate official acknowledgements of gifts and notifies the department, college, or other campus units(s) that benefit from the gift as appropriate.
Vice Chancellor for Business Affairs
- Inventories and accounts for donated property in the same manner as is required for purchased property.
- Assures that federal, State and UNC General Administration laws, policies, and guidelines are followed. Maintains appropriate inventory records and auditable expenditure records. Maintains other records and prepare reports
- Manages corporate stocks, bonds, and negotiable instruments in accordance with the current guidelines of the Board of Trustees of the Endowment Fund.
- Evaluates costs and liabilities associated with proposed gifts promptly, with assistance from the appropriate functional specialist in the evaluation of special/limited purpose gifts (computer equipment and software, library materials, artwork, and other gifts in kind).
- In special circumstances, authorizes reimbursement of fees that may be necessary to facilitate receipt of a gift.
- Makes arrangements for receipt and addition to physical inventory of tangible gifts, and for insurance and security measures as appropriate.
Recipient Department, College, or Other Unit
- It is the responsibility of the receiving department, college, or unit to coordinate the receipt of gifts with the Development Office.
- It is the responsibility of the University Librarian to coordinate all gifts of materials to the library’s collections with the Development Office. Such coordination shall include advising the Development Office on decisions regarding selection of all formats of materials. If acceptance of a gift of materials involves the expenditure of additional University resources, the University Librarian shall coordinate acceptance of such gifts with both the Development Office and the Vice Chancellor for Business Affairs.