2229 Gifts of Securities from Unknown Donors

Document purpose

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


January, 2008


April, 2023


May, 2024

Responsible Office





  • The University accepts gifts of appreciated securities pursuant to its normal gift acceptance policy. When the University receives securities from an unidentifiable source, the gift will be recorded under “donors unknown.”
  • The Office of the Treasurer will seek to match receipts of securities from unknown donors with prior receipts in an attempt to identify donors.
  • The Office of Treasurer will periodically report information regarding gifts of securities from unknown donors to Development and Alumni Relations staff, who will assist in efforts to identify unknown donors.
  • Any gift remaining in the operating gift fund after two years from its receipt by the University will be deposited into the General University Quasi Endowment fund and will be used at the discretion of the Executive Vice President and Vice President of Finance and Treasurer.
  • If a donor is identified after the transfer is made to the Quasi Endowment fund, the University will transfer the gift value to the purpose determined by the donor, whenever possible.