131.2 Use of Gift Funds Procedure

This procedure describes the processes for accessing and expending funds deposited in Wisconsin Foundation and Alumni Association (WFAA) funds, and provides examples of typically appropriate and typically inappropriate payments from gift funds.

131.1 Acceptance of Gift Procedure

The Wisconsin Foundation and Alumni Association (WFAA) accepts only those gifts that meet all the criteria detailed in the Gift Funds Policy.

130.1 Acceptance of Gift in Kind Procedure

Gift in Kind (GIK) refers to a non-monetary donation received by the University, including tangible items, goods, and/or services. Examples of a GIK include, but are not limited to the following: vehicles, equipment, gift cards, supplies, artwork, books, etc.

132 UW System Trust Funds Investment Transfer Policy

This policy defines the principles for interacting with the University of Wisconsin System Office of Trust Funds in regards to investment transfer requests between the 161-Income Cash Fund and the 162-Long Term Fund.

131 Gift Funds Policy

The University of Wisconsin-Madison (the University) defines a gift as a donation in the form of money. This policy defines the principles for interacting with the Wisconsin Foundation and Alumni Associations (WFAA), legally known as the University of Wisconsin Foundation, in the receipt and use of gifts made to the WFAA in support of the University.

130 Gift in Kind Policy

Gift in Kind donations require formal acceptance and are reported to the University of Wisconsin System Board of Regents. A Gift in Kind donation may be a tangible item, good, and/or service, which are typically items that the University would have to otherwise buy if the item, good, or service hadn’t been donated.