B-1) Gifts

Review date: 
February 08, 2018
Responsible office: 
Budget and Resource Management

Definition

  • Money, securities or other property given with donative intent
  • Terms are reviewed by Development Office to ascertain that funds are truly gifts and not contracts or private grants. Frequently a discussion with Office of Sponsored Research is required to accurately allocate support.
  • Voluntary and, except for planned gifts, non- reciprocal
  • The Statement of Economic Interest Form (700-U) must be completed when a research gift is given to the University of California San Francisco or to the UCSF Foundation from a non-governmental entity for a specific research project or for the use of a specific faculty member.Gifts from non-individuals require a confirmation of purpose from donating organization.
  • Gifts from industry of $10,000 and higher require a Conditions of Gift Award Letter or other acceptable fully-executed agreement.
  • Contractual considerations such as intellectual property rights may not be involved.
  • Donor may not prescribe the method of performance or investment of a gift.
  • Donor may inquire how funds have been spent.
  • If spent in accordance with donor wishes, gifts are non-returnable and there is no specified period of time associated with them.
  • May be provided to directly support campus programs May be in the form of a bequest
  • Made to either the UC Regents (directly to UCSF) or to the UCSF Foundation
  • Earn STIP until used for donor-intended purpose (STIP accrues to core funds, not the department. STIP is not calculated at the individual gift fund level). Must be transferred to Regents funds for expenditure.

Policy

Review Department/Signature Authority