Policy Manual

To set forth a policy for the treatment of gifts of securities from unknown donors.

The purpose of this document is to set forth the University’s policies with respect to memorial gifts.

Efficient and cost-effective review of proposed gifts of real estate interests to the University of Pennsylvania.

Endowment and program gift funds established by donor gifts support direct expenditures related to the specific restricted gift purpose; however indirect costs are not supported directly by the restricted endowment and program gift funds. The indirect cost recovery policy allows for the benefiting School or Center to recover a portion of these indirect expenses used in support of the endowment or gift program.

To document the University’s financial policies and practices related to undergraduate alumni class funds and reunion funds.

To accommodate the needs of donors who wish to contribute to the University through qualified charitable distributions (QCDs) from an IRA account. To identify and address relevant legal and tax issues associated with QCDs.

To accommodate the needs of private foundations who wish to make gifts or grants to the University. To identify and address relevant legal and tax issues associated with private foundations.

This policy governs the classification, management, and release of donor-restricted net assets at UPenn, ensuring donor intent is honored, funds are used appropriately, and financial reporting is accurate.

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