The University of Texas Health Science Center at Houston (UTHSC-H) solicits and accepts gifts in accordance with its definition of gifts. Faculty and administrators of the UTHSC-H must adhere to its definition of gifts when interacting with donors and potential donors.
Gifts may be cash, checks, real estate, securities, gifts-in-kind, annuities, trusts, memorial gifts, insurance, and corporate matching gifts.
Gifts may be restricted or unrestricted by the donor. A restricted gift must be used by the UTHSC-H only for the specified purpose designated by the donor, such as cardiac research, scholarships or fellowships for a particular school, or a named endowment. An unrestricted gift may be used by the UTHSC-H in accordance with institutional and University of Texas System policies.
It is very important that each gift to the UTHSC-H must be clearly identified as a gift and classified as a restricted or unrestricted gift. Obligations of the UTHSC-H must be recorded so that all agreements are upheld and so that the UTHSC-H retains its integrity within the community of donors. It is equally important that gift funds be deposited to the appropriate accounts and used in accordance with the desires of the donor.
The UTHSC-H will not accept a gift for the benefit of any designated student unless the donor is exempt from federal income taxes as defined by the commissioner of Internal Revenue.
When a faculty member or administrator seeks funding from an individual, a corporation, or a foundation, that faculty member must consult the Development Office before making any formal contact with the potential donor. The form must be completed by faculty or staff before any approach to the donor can be initiated and before the Development Office can follow up on the request. All proposals to be submitted to a potential donor must be accompanied by a cover letter signed by the president. Contact the development officer, foundations/corporations at 500-3200 if you have any questions or need assistance.
All checks, accompanying correspondence, gifts-in-kind, and so on, received from non-governmental sources must be sent directly to the Development Office, where they will be booked, electronically transferred to TUFIMS, and made available for expenditure by the account manager in accordance with the terms of the gift. The Development Office will acknowledge and send a receipt to the donor within 24 hours and will further acknowledge the gift as appropriate.
Updated 7/97; 08/07