Section 3356-5-07 - Gifts for the benefit of the university(A) Policy statement. Gifts for the benefit of Youngstown state university ("the university") help the university fulfill its mission of education, scholarship, research, and service. The Youngstown state university foundation ("the foundation") exists to secure gifts for the benefit of the university. In order to provide long-term managed financial support for the university, the foundation and university have mutually agreed that gifts to the university shall be made through the foundation in accordance with the "Youngstown State University Development Transfer and Service Agreement" (available through the office of the general counsel) and this policy.(B) Purpose. To provide guidance to the university community, the foundation, and the general public regarding the solicitation, acceptance, and management of gifts for the benefit of the university.(C) Scope. This policy applies to all fundraising efforts to benefit the university and the management of such funds. This policy does not apply to the fundraising efforts of the university's public radio station ("WYSU"), the Rich center for autism, and the penguin club, which may continue to raise, bill, and acknowledge their own gifts and/or funds.(D) Definitions.(1) "Gift." The voluntary irrevocable transfer of an item of value from an individual, corporation, or organization for the benefit of the university with no expectation of a return of goods or services. Gifts may consist of real or personal property, both tangible and intangible, and may be restricted, unrestricted, for permanent endowment, pledged, deferred, or made outright.(2) "Conditional gift." A gift which is subject to or dependent on a particular event or occurrence.(E) Parameters. (1) The university and the foundation shall work cooperatively to implement donor intent and to fulfill the stated and/or written strategic fundraising goals and priorities of the university, particularly those aligned with the mission, vision and values, and that support successful implementation of the strategic plan the uses for which support achieving one or more goals of the plan.(2) Gifts to the university shall only be accepted in accordance with all applicable federal or state laws, university policies, and written agreements between the university and the foundation.(3) The university and the foundation reserve the right to refuse any gift which is too restrictive in purpose, requires an unreasonable expenditure of the university or the foundation resources, is contrary to law, compromises the mission of the university, or is based on a vague or uncertain condition.(4) When conducting fundraising activities, a university division, department, or college must coordinate with the foundation to ensure that such activity does not conflict with any ongoing or planned foundation fundraising activity or prospects.(5) When determining the acceptance of gifts, the university and the foundation shall consider any long-term and/or ongoing costs or commitments associated with or resulting from the gift.Ohio Admin. Code 3356-5-07
Effective: 12/31/2020
Promulgated Under: 111.15
Statutory Authority: 3356
Rule Amplifies: 3356
Prior Effective Dates: 08/31/2015