A gift, as defined by HOOP 203, is an in-kind contribution given to the University by a donor with no expectation of benefit other than the University expending the contribution for any mutually-agreed upon purposes.
A gift typically has the following characteristics:
- no contractual requirements.
- no deliverables to the donor (though the funds may be restricted to a particular purpose)
- no specified period of performance.
- no formal fiscal accountability to the donor beyond periodic progress reports.
Requests for new gift or endowment accounts should be sent to the Development Office.