Gift Acceptance Policy
The purpose of this policy is to state the University’s position in relation to the acceptance of philanthropic gifts.
In Australia Monash University has been endorsed by the Australian Tax Office as a Deductible Gift Recipient and accepts gifts in accordance with the objects and purposes of the University.
Funds within the University’s Australian Gift Fund are managed by the External Relations, Development and Alumni Division and Vice-President (Finance) to ensure compliance with Australian Tax Office gift fund requirements.
Monash University may accept or refuse any philanthropic gift. Gifts may be designated for a specific purpose or undesignated.
The acceptance of gifts must be in harmony with the academic and strategic objectives of the University. Subject to this principle, the wishes and intentions of the donor provide guidance in determining the purpose for which the gift will be used, although ultimately the University has unconditional discretion to determine how the gift will be used.
Before accepting a philanthropic gift, the University will consider any additional University funding or commitment required to maintain, administer or comply with the conditions and intended use of such gift.
Non-cash gifts with a value of more than $500 AUD must be reported to the Director, Development so that a decision may be made as to whether the proposed non-cash gift can be accepted. For non-cash gifts with a value less than $500 AUD, the decision to accept the gift can be made at the discretion of the relevant department. For all accepted non-cash gifts an acknowledgement letter will be produced by Donor Stewardship and Recognition.
All philanthropic gifts accepted by the University will be recorded on the University’s central donor database and the University finance system. All gifts will be formally acknowledged and receipted by the External relations, Development and Alumni Division where sufficient information has been provided to do so.
The University will not accept gifts from companies generating income from tobacco related products.
The University will not accept gifts if for any reason such acceptance would compromise its integrity, autonomy or academic freedom, or where such acceptance would be inconsistent with the University’s mission and policies.
Gifts will not be refunded unless genuinely made in error.
|Gift Acceptance Procedures|
Gift Acceptance - Gift Receipting Procedures (Australia)
Gift Acceptance - Receipting for Charity Auctions Procedures (Australia)
Gift Acceptance - Receipting for Fundraising Events Procedures (Australia)
Responsibility for implementation
Executive Director, External Relations, Development and Alumni (ERDA)
Executive Director, External Relations, Development and Alumni (ERDA) Senior Vice-President and Chief Financial Officer
|Name: Vice-President (Advancement)|
Agenda item: n/a
|Name: Director, Advancement Services|
Agenda item: n/a
Legislation Mandating Compliance
All relevant legislative instruments that stipulate requirements with which members of the Monash community (all of whom are subject to the law) are obligated to comply.
Monash University Statutes and Regulations
Fundraising Act (Vic) 1998
South African Legislation
|Senior Manager, Donor Stewardship and Recognition|
Senior Manager, Donor Stewardship and Recognition
University Policy Use
Version Number: 1.1
This page viewed Thursday, 24-Nov-2016 15:57:20 AEDT