This article explains the process for changing a donor’s gift or pledge designation at UGA, which requires written donor consent and approval from relevant university officials, while emphasizing that gift returns are generally not permitted.
This article explains the tax and reporting requirements for charitable auctions and sponsorship revenue at UGA, detailing how fair market value affects donor and purchaser deductions, sales tax obligations, and the classification of sponsorships based on benefits received.
This article outlines UGA’s procedures for accepting private contributions to benefit student organizations, detailing how gifts are receipted, managed through the UGA Foundation in coordination with Student Affairs, and used to support club activities in compliance with university and IRS guidelines.
This article provides a brief overview of deferred gifts, including pooled income funds, gifts with retained life income, bequests, charitable remainder trusts, revocable trusts, life insurance gifts, and estate gifts.
This article outlines UGA’s procedures for documenting charitable contributions, including IRS-compliant gift receipts, disclosure requirements for donor benefits, and fair market value guidelines to ensure accurate tax reporting and donor recognition.
This article outlines the IRS requirements and UGA procedures for hosting fundraising events, including necessary approvals, financial disclosures, and accounting protocols to ensure compliance and proper reporting of charitable contributions and event-related income.
This article outlines the responsibilities of Gift Accounting at UGA, including managing all private support, maintaining donor confidentiality, handling non-gift revenue, and producing key fundraising reports for internal and external stakeholders.
Learn the definition of a gift, how gifts can be restricted, and more.
This article explains UGA’s policies for handling corporate matching gifts, emphasizing adherence to each company’s guidelines and assigning Gift Accounting the responsibility for verifying, recording, and managing all matching gift transactions.
This article describes UGA’s procedures for accepting and processing memorial and honorary gifts, including how they are recorded, acknowledged, and reported, with special attention to donor and recipient notifications and the potential for establishing named funds if contribution thresholds are met.
This article highlights several flexible giving options beyond traditional donations, including payroll deductions, automated payments, honorarium gifts, royalty payments, donated services, and event sponsorships.
Find information on cash, checks, credit cards, stock transfers, personal property, real property, and works of art.
This article outlines UGA’s pledge policies, including requirements for written documentation, recording procedures for different pledge types, and the process for sending reminders and acknowledgements to donors based on their original commitment schedule.
This article outlines UGA’s policies for monitoring, modifying, and writing off donor pledges, emphasizing the need for written documentation for changes and detailing the review process for overdue pledges and reporting to university leadership.
This article outlines UGA Foundation’s requirements for proxy users processing credit card transactions, including mandatory registration, use of secure and restricted-access computers, and compliance with audit standards to ensure data security.
This article explains how Gift Accounting at UGA manages the recording and reporting of all private gifts and grants, emphasizing the importance of donor intent, alignment with the university’s mission, and proper documentation to distinguish gifts from contracts or exchange transactions.
This article explains UGA’s process for donor acknowledgements, noting that personalized thank-you letters are prepared for gifts of $10,000 or more and encouraging departments to establish their own procedures for recognizing donor support.