Intercollegiate Athletics Policy Manual

6.00 Development

6.03.1 Fundraising - Major Gifts and Planned Giving

The Department of Intercollegiate Athletics solicits financial support for its intercollegiate athletics program in accordance with University, Conference and NCAA rules and regulations.  The Longhorn Foundation, the fund raising arm of the Athletics Department, consists of two gift programs:  The Annual Gift Program and the Legacy Gift Program.  The Legacy Gift Program is a charitable gift giving program designed to provide long-term support for the athletics departments through the solicitation and acceptance of gifts designated for endowments (i.e., endowed scholarships) and gifts designated for the enhancement and or construction of new athletic facilities.  The Annual Giving Program and the Legacy gift program operate within the guidelines of the Internal Revenue Service concerning non-profit entities and are classified under the University’s 170-C1 designation. 

As stated in this section, Fundraising:  Longhorn Foundation, departmental staff and coaches are expected to be integrally involved in cultivating financial support from boosters for the various intercollegiate sports.  Coaches should also be alert to opportunities for major gifts and/or sustained giving and advise the Longhorn Foundation of potential donors.

All fundraising activities including, but not limited to, annual giving campaigns, special events, sales, endowments and booster-related efforts must be approved by the Director of Athletics, the Board of Regents and/or the University's Central Development and Trust Office, as appropriate.

Acceptance of Gifts

Any and all gifts, including gifts-in-kind, received by Departmental staff members from outside donors must be presented immediately to the Director of Athletics for approval.  Monetary gifts are deposited directly into the appropriate account through the UT Cashiers Office by the Longhorn Foundation.

The Longhorn Foundation’s Legacy Gift Program follows Board of Regents procedures for the acceptance, transfer, valuation and credit of gifts of securities, as well as those related to real estate, personal property and life income.  Most gifts received through the Legacy Gift Program are 100% tax deductible and receive no donor benefits with the exception of permitting donors at specific levels to specify the use of the funds and/or name scholarships, buildings, areas, etc.     

All coaches and staff members should exercise caution when receiving gifts on behalf of the Department in order to avoid accepting donations that might be construed as personal gifts or which are against guidelines established by the University, the Board of Regents or NCAA rules and regulations.  (See Section 13, Personnel: Conduct and Ethics, in this Policy Manual for more information.)

 

 

last updated: February 11, 2009