Vice President for Advancement
Nancy Kalmikoff, director of alumni and donor records, firstname.lastname@example.org or (609) 258-3307
Kerstin Larsen, assistant vice president of development, email@example.com or (609) 258-9289
I. Policy StatementBACK TO TOP
This policy summarizes the documentation, signatories and processes required for Princeton University to officially accept a gift or bequest.
II. Who is Affected by this PolicyBACK TO TOP
IV. PolicyBACK TO TOP
The acceptance of a gift or bequest has financial and legal consequences. This policy addresses the University’s gift acceptance policy. Different rules may apply when a gift is accepted for federal income tax purposes. For example, once accepted, a gift is irrevocable and gift restrictions must be strictly observed. Given these consequences, there are steps that must be followed in order for a gift or bequest to be officially accepted by the University. These steps include proper documentation being signed by the appropriate signatories and the recording of the gift by Alumni and Donor Records. Gifts that have been solicited by Annual Giving are an exception to this rule. See Gift Documentation and Authorization Chart below. The chart below summarizes the documentation required and the individuals authorized to sign for a variety of gifts and bequests.
If gifts are received by personnel in academic/administrative departments other than the Offices of Alumni and Donor Records or Corporate Engagement and Foundation Relations, the department personnel are considered custodians of the Funds. Gifts should be forwarded to either the Office of Alumni and Donor Records or the Office of Corporate Engagement and Foundation Relations. See policy entitled: Transmittal of Gifts, Grants and Pledges Received Outside of the Development Office or the Office of Corporate Engagement and Foundation Relations.
V. Procedures BACK TO TOP
VI. Forms BACK TO TOP
VII. Contact Roles and Responsibilities BACK TO TOP
VIII. Update Log BACK TO TOP
Updated to reflect post-Prime language
No changes. Moved to Finance Policy LIbrary from Gift Administration Site.