Gifts, grants, or bequests involving money, equipment and furnishings may be accepted by Danville Area Community College. All gifts, grants or bequests shall be administered in accordance with the terms of the gift or bequest. Such gifts shall become the property of Danville Area Community College and shall be under the control of the Board of Trustees.

This policy refers to gifts, grants, and bequests made directly to Danville Area Community College and is not intended to conflict with the purposes and objectives of the Danville Area Community College Foundation. The Board wholeheartedly endorses the activity of the Foundation and encourages its support by potential donors.

Procedure

All equipment items donated to the institution will be added to the responsible program/department inventories.

All programs/departments must report any donations of equipment to the Business Office/Campus Services Clerk in memorandum form identifying the item by description and estimated current value.

The Business Office/Campus Services Clerk shall assign identifying tag numbers to all donated equipment and list it on appropriate inventories with an estimated current value.

The Director of Administrative Services or Chief Financial Officer is authorized to accept gifts. The College Relations Office is responsible for acknowledging such gifts.