University of Wisconsin Foundation

Gifts


Gifts in Kind

A Gift in Kind donation of a tangible item, good, and/or service, are items that the University would have to otherwise buy if the item, good, or service hadn't been donated.

Gifts

A Gift is a donation in the form of money that meets the following criteria:

  • The gift must provide funding for activities, such as professorships, scholarships, building projects, fellowships, and other activities in support of the research, instruction and service mission of the University. The donor may restrict the use of funds to a specific program area or purpose.
  • No detailed technical or fiscal reports are required as a condition of the gift. The unit or faculty member involved may provide the donor with a brief summary of the results of supported activities and a statement that expenditures were made in accordance with the intent of the gift. If detailed fiscal or technical reports are required, the payment is deemed to be a payment for research or other services performed by the University and must be awarded to the Board of Regents of the University of Wisconsin System, rather than to the WFAA.
  • The gift does not grant the donor with rights to, or impose any restrictions with respect to patents, copyrights, and other intellectual property rights that result from activities supported by the gift.
  • The gift contains no restrictive provisions, such as delays or advance notice concerning publication or dissemination of data and information derived from activities supported by the gift.
  • The gift is irrevocable by the donor.