Gifts or Awards in Excess of $5,000 Policy - NMU Policies and Requirements

Gifts or Awards in Excess of $5,000 Policy

Purpose:

The purpose of this policy is to document the Board requirement for specific approval of gifts or awards in excess of $5000. 

Applicability:

All Faculty and staff.

Policy:

Expenditures in excess of $5,000 for gifts or awards will be made only if approved in advance by the Executive Committee of the Board of Trustees.