All GIKs must be accompanied by a completed and signed GIK Donation Form
Not all GIKs will be accepted. Prior to acceptance, University Advancement must determine if the gift can be used to advance the mission of CWU or if it is appropriate for sale/auction. In accordance with the CWUF Gift Acceptance Policy, CWUF reserves the right to decline any gift that does not further the University's goals or involves special maintenance or other conditions the University would be unable to satisfy. The donor is responsible for making arrangements to deliver the gift.
For GIK's valued over $5,000, the GIK Consideration Request ticket must have a Qualified Appraisal attached. See IRS Publication 561 for the standards on Qualified Appraisals. This appraisal cannot be made earlier than 60 days prior to the date of the gift. If the value of the gift in the appraisal is listed as a range of values, the gift will be booked at the midpoint of the range of values.
The following types of GIKs require approval from the CORE Team, and may be escalated to the Finance Committee for consideration, due to the special financial and/or liability issues they raise:
-Gifts that require an obligation on the part of the University or Foundation to make expenditures for which there is no established funding source
-Gifts that require construction/renovation of facilities not previously authorized by the University
-Gifts that substantially increase potential liability or risk for the University or Foundation, including firearms
-Works of Art and Collections
-Patents, trademarks, or technology rights
Additional GIK reference documents and forms can be found in the attachment section of this service request, as well as on SharePoint. Please reach out to your friendly Advancement Services team if you have any question.