Details
Series
Date Approved
Date Last Amended
Office(s) Responsible for Rule
Office of External Relations, Communications and Advancement Services
1. Title
External Nonprofit Corporations
2. Rule and Regulation
Sec. 1 Acceptance of Gifts or Bequests. The Board of Regents recognizes that there are legally incorporated nonprofit organizations (most having the word "foundation" in their charter) whose sole purpose is to benefit The University of Texas System, the institutions, or teaching, research, and other activities within those institutions. These organizations are administered by boards of directors independent from the control and supervision of the Board of Regents. Gifts or bequests from any such external organization to the University must be accepted and approved under gift acceptance policies.
Sec. 2 University-Affiliated Foundations. The relationship between the U. T. System and U. T. System institutions and nonprofit organizations classified as University-Affiliated Foundations are defined in Regents’ Rule 60305.
3. Definitions
None
4. Relevant Federal and State Statutes
None
5. Relevant System Policies, Procedures, and Forms
Regents’ Rules and Regulations, Rule 60101, Acceptance and Administration of Gifts
Regents’ Rules and Regulations, Rule 60305, University-Affiliated Foundations
Regents’ Rules and Regulations, Rule 60306, Use of University Resources
6. Who Should Know
Administrators
Chief Business Officers
Development Officers
7. System Administration Office(s) Responsible for Rule
Office of External Relations, Communications and Advancement Services
8. Dates Approved or Amended
Regents’ Rules Revision History
9. Contact Information
Questions or comments regarding this Rule should be directed to:
• bor@utsystem.edu
