Wayne State University

Aim Higher

Board of Governors

Wayne State University Statutes

2.72.03 Vendor Gifts
   
2.72.03.010
All undesignated contributions to the University, and all contributions designated to any fund over which any University administrator has discretion to spend, which are received from any person, firm or association which is dealing with the University, or has dealt with the University during the prior 12-month period, or thereafter does deal with the University during the current fiscal year of the gift, either directly or indirectly, shall be assigned or transferred to the school or college most related to the type of activity in which the donor is engaged, which funds are to be used solely for educational purposes.
   

Legislative History
Adopted 8-0; Official Proceedings 19:2568 (18 April 1975)

Compiler Notes
(1) Introductory explanatory text:

The Board wishes to encourage contributions from any source having a genuine interest in promoting the well-being of the University. It wishes, however, to adopt a policy whereby gifts from vendors will be used in the school or college most closely related to the type of activity of the donor, and will not be available for discretionary uses by any administrator having any personal involvement with the business dealings between the donor and the University. To that end, the following policy is adopted:


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