21.99.03.M1 - Gifts, Grants, Loans, and Bequests

Approved June 20, 1997
Supplements System Regulation 21.99.03 And System Policy

1. GIFTS

Gifts include support (which may be termed "grants" by some donors) from private sources bestowed voluntarily and without expectation of any tangible compensation. (Tangible compensation is the expectation of a private benefit. An example would be a gift which would grant rights to use or own the results of the research or any intellectual property resulting therefrom in the future. Tangible compensation does not include recognition of the donor or any reporting or accounting requirements for how gift funds are spent.)

2. CONDITIONS OF ACCEPTANCE

Acceptance of gifts, grants, loans, and bequests is subject to the following conditions.

2.1 Acting on appropriate administrative recommendation, the President may decline acceptance of a gift, grant, loan, or bequest, if the acceptance of such would not be in the best interests of the University (for example, if the purpose of the gift would be in violation of ethical principles of human rights). Such administrative action should not constitute undue restriction of scholarly inquiry.

2.2 All conveyances of forest land by gift or otherwise shall be submitted to the Attorney General for approval as to form. Upon recommendation by the Board of Regents, the Governor may accept gifts of forest land.

2.3  Texas A&M University is authorized to accept gifts or bequests for the establishment of scholarships, professorships, or other trusts for educational or research purposes provided such property will not require education and general appropriations by the Legislature for operation, maintenance, repair, or the construction of buildings. See System Policy 41.01 for information regarding gifts of real property.

OFFICE OF RESPONSIBILITY:
Vice President for Research 

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