To provide a policy for the accounting for gifts of securities.
December, 1986
revisedApril, 2023
May, 2024
Responsible OfficeTreasurer
Treasurer
Gifts of securities will be valued in accordance with Generally Accepted Accounting Principles, which require that securities be recorded as an asset at fair market value on the date of the gift.
For gifts of unrestricted securities traded on a public market, see Policy 2203, Gift Valuation for Publicly-Traded Securities. If there is no established market for the securities, fair market value will be determined in accordance with Treasury Regulations.
The date of gift will be determined in accordance with Policy 2201, Gift Date Policy.
All market or appraised values assigned to gifts of securities must be properly supported in accordance with Treasury Regulations.