Gift Acceptance Committee
Doug Gross, Chair
Bill Kearns, Vice Chair
Brian Foisy (University)
Mary Kay McFadden (University)
Sharon Morgan (University)
Gerard Billington (University)
Joy Fisher (Foundation)
Shawna Lindquist (Foundation)
Mike Sullivan (Advisor)
The Gift Acceptance Committee shall develop policies, guidelines and procedures regarding the terms of acceptance of trust gifts, charitable gift annuities, bargain sales and gifts of assets which are not readily marketable to be presented to the Board for approval.
- Assist donors who wish to support the university in the form of a gift.
- Provide due diligences steps prior to accepting a gift of real property (in addition to reviewing the appraisal provided by the donor).
- Identify and recommend vendors of third party services needed to complete the due diligence required by the committee.
The committee will be responsible for the completion of the due diligence and shall normally be the point of contact for the third party vendor during the contract performance, provided there are no change orders increasing the contractual obligation of the Foundation.