Approval of New Policy 101.18, Gifts, Awards, and Prizes

Effective Date: 
Tuesday, April 14, 2015
Newly Approved

This new University Policy 101.18, Gifts, Awards, and Prizes, is necessitated by federal tax reporting requirements related to gifts, and by the numerous categories of gift recipients. This policy covers the types of awards, gifts and raffles that have occurred on campus and includes the appropriate compliance steps that must be taken when conducting such activities. In addition, the policy clarifies that pursuant to NC law, the University is permitted to hold only two raffles per calendar year. This policy clarifies that any University unit or department is considered “the University” for purposes of the two-raffle limit.