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Restricted Gifts

Acceptance of a gift imposes a legal obligation to comply with the terms established by the donor. Therefore, it is necessary that the nature and extent of the obligation be clearly understood. For this reason, the terms of each restricted gift will be reviewed with the utmost care to ensure that the gift retains its original usefulness and beneficial qualities. Gifts deemed to be unacceptable because of the restrictions the donor has placed on its use shall be returned unto the donor. Criteria for determining a gift to be unacceptable include the following: 

  1. The purpose of the gift is inappropriate or not conducive to the best interest of the College; or 
  2. The gift obligates the College to undertake responsibilities, financial or otherwise, which it may not be capable of meeting for the period required by the terms of the gift