Section 8-B203. FUND-RAISING AND GIFTS

 

203.1The President shall develop, initiate, implement, and approve fund-raising campaigns for the benefit of the University.

 

203.2The President may determine, consistent with any expressed intent of the donor, if applicable:

 

(a) The purpose(s) for which the gift shall be used; and

 

(b) Whether income or principal amount, or both, shall be used.

 

203.3The President may utilize gifts to support established University programs or to fund new or special programs, in accordance with the provisions of this subtitle.

 

203.4The President shall determine whether any condition on the receipt of a gift, or the purpose(s) for which the gift will be used, will require expenditure of additional or supplementary funds by the University and shall provide for inclusion of required expenditures in the University financial plan subject to Board approval. In no event shall the acceptance of any gift by the University constitute a commitment requiring expenditures in excess of budgeted items.

 

203.5The President may return to the donor all or any unused portion of a gift of personal property when the purposes of the gift have been fulfilled or fulfillment has become impossible or impractical and alternative uses are precluded.

 

 

authority

District of Columbia Public Postsecondary Education Reorganization Act Amendments (Act), effective January 2, 1976 (D.C. Law 1-36; D.C. Official Code §§ 38-1202.0l(a); 38-1202.06)(3),(13) (2012 Repl. & 2015 Supp.)).

source

Final Rulemaking published at 40 DCR 3353 (May 21, 1993); as amended by Final Rulemaking published at 57 DCR 6156, 6158 (July 16, 2010); as amended by Final Rulemaking published at 63 DCR 3767 (March 11, 2016).