Disposition of Gifts

The Arkansas State University  System  Foundation, Inc. serves as the vehicle for receiving all private donations for the benefit of Arkansas State University. Exceptions include contributions  to athletics through the Red  Wolves  Foundation  and gifts in which the donor specifically requests or requires that the gift go directly to the university. Upon receipt of gifts by the ASU  System  Foundation, Inc., the following disposition shall be made:    

 

 

 

 Unrestricted gifts will be placed in the  university  unrestricted account to be used according to foundation policies.   

 

 

 

 

 

 

 Designated gifts, meaning those gifts which may be used for unrestricted purposes within a college, department, or program  designated  by the donor, will be  established  in separate accounts, invested according to foundation policies, and dispersed upon approval of the designated fund controller.   

 

 

 

 

 

 

 Restricted cash gifts for specific purposes such as scholarships are used as designated.   

 

 

 

 

 

 

 Individual endowment and quasi-endowment funds are held in the foundation and invested.    

 

 

 

 

 

 

 Non-cash gifts that may eventually be converted to cash  generally are  held by the foundation. Disposition of such gifts, however, will vary on a case-by-case basis.   

 

 

 

 Revised:  04/08/2026   

 

 Effective Date: 07/01/91     Number: 06-07     Section: University Advancement Subject: Disposition of Gifts