Guidelines and Policies Fundraising Policy: Cash or Gift Certificates
Cash, and gift certificates which are easily convertible to cash, are both considered "cash."
Cash is an allowable gift for students and members of the general public only as a contest award, when that contest is officially approved by the organization their advisor, and provides a benefit to that organization or the University as a whole. The taxable limit for such prizes is $600 annually, per individual.
Note: In order to have a check processed for the recipient, a completed Payment Compliance Form must be attached to the disbursement voucher. |
