Policy The University must properly account for gifts, prizes, donations, and/or awards as taxable income to the recipient in accordance with federal and state regulations. Cooperation and assistance are needed to ensure the proper tax treatment and reporting of gifts for tax purposes.
Categories: Financial
Policy As a 501(c)(3) organization, as categorized by the IRS, the University may only make contributions (funds, goods, or services) to another entity, qualified charity, or individuals when certain conditions or criteria are met and when the contribution relates to the mission of the University. […]
Categories: Financial
Policy Expenditures necessary in carrying out the mission of the University, consistent with the normal business operations of the University. These expenses are reasonable in nature and are paid or funded by the University. The University supports the “accountable plan” as defined by IRS regulations […]
Categories: Financial
