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When the donor contribution has been aggregated from a number of contributions from a variety of contributors, how should documentation of donor permission/approval be handled if changes to the endowment are in prospect?

July 25, 2018 •

A
When the donor contribution has been aggregated from a number of contributions from a variety of contributors, how should documentation of donor permission/approval be handled if changes to the endowment are in prospect?
Posted by Karthik Poobalasubramanian on July 25, 2018

Protection of donor rights and intent is the purview of the campus. In terms of documentation of donor approval submitted to the BoR, we will accept an approval/request signed by the majority donor or a representative of all donors, or a document signed by all donors. It is critical that the campus retain in its files an account of why donor permission was granted in the form it was, and any communications with other donors related to the changes approved.

Categories: BoRSF Faculty Endowments, Reporting and Compliance
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