Financial Policies

To comply with the federal Office of Management and Budget’s Uniform Administrative Requirements (UG), C.F.R. 200 and other sponsor requirements to ensure that unallowable costs related to salary are not charged to federal awards. The UG Part 405 states that costs charged to federal awards must directly benefit the award to which they are charged. UG Part 460 further specifically states that the costs of proposal preparation should be treated as Facilities and Administrative (indirect) costs.

To ensure compliance with federal funding agency expectations for Malign Foreign Talent Recruitment Programs.

To ensure that Stop Work Orders and Suspension of external awards that support research and other activities are managed timely and in accordance with University and sponsor policies.

To ensure proper recording and reporting of gift dates for donors, to comply with federal tax law.

A donor may not be able to claim a federal tax deduction for certain charitable contributions unless the donor obtains a gift receipt from the charity. The University will incur no penalty for failing to acknowledge a gift, but assists donors by providing such receipts.

To appropriately record and receipt gifts of publicly traded securities to the University and to comply with federal tax law and University stewardship guidelines.

To set forth the University’s policy regarding the sale of gifted securities.

The purpose of this policy is to set forth the University’s policy regarding proposed gifts of specialized services.

To identify the review process for evaluation and acceptance of illiquid gifts

The purpose of this document is to provide guidance regarding the acceptance of gifts-in-kind and to define related responsibilities.