Gifts or Awards in Excess of $5000

Date Approved:12-13-1991
Last Revision:12-13-1991
Last Reviewed:2-27-2020
Approved By:Board of Trustees
Oversight Unit:BOARD OF TRUSTEES, SECRETARY OF
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. (Approved by the Board of Control on December 13, 1991.)