BP 6.35 - Peralta Colleges

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Peralta Community College District Board Policy 6.35

Policy 6.35 DONATIONS

General Policy

All contributions, gifts and/or donations should be properly authorized, accepted and acknowledged in accordance with this Board policy. Tangible assets that benefit a period exceeding one fiscal year should be capitalized and recorded in the District's equipment inventory.

Cash

Cash donations to the District, a college, or a program shall be received by, and processed through, the "Peralta Colleges Foundation" for the benefit of the Peralta Community College District. The

Foundation, through its normal procedures, shall acknowledge the donations as appropriate.

In the case of a cash donation the donor specifically designates to be given to a college, the college

President shall acknowledge the gifts that they choose to accept.. College Presidents have the authority to accept and acknowledge donations of equipment or supplies made to a college with a fair market value of up to $25,000.

The Chancellor has the authority to accept donations of equipment and supplies, with a fair market value of up to $50,000 made to a college, the District as a whole, or to the District office. Donations shall be acknowledged by the Chancellor or his designee.

Donations with a fair market value of $50,000 or over require Board approval prior to acceptance. If approved by the Board, the donation shall be accepted and acknowledged by the Chancellor.

Equipment and Supplies

Donations of equipment or supplies may be accepted by the college or district, if it is deemed the items have value and are useful to a particular program or will serve a college or district need.

Acknowledgement of donations shall be made in a letter to the donor.

College Presidents have the authority to accept and acknowledge donations of equipment or supplies made to a college with a fair market value of up to $25,000.

The Chancellor has the authority to accept donations of equipment and supplies, with a fair market value of up to $50,000 made to a college, the District as a whole, or to the District office. Donations shall be acknowledged by the Chancellor or his designee.

Last printed 4/16/2020 2:45:00 AM

Peralta Community College District Board Policy 6.35

Donations with a fair market value of $50,000 or over require Board approval prior to acceptance. If approved by the Board, the donation shall be accepted and acknowledged by the Chancellor.

Real Property

Donations of real property shall only be accepted as the result of a Board Action. Change of title to real property shall be recorded with the County Clerk in the appropriate county.

Ownership

The Peralta Community College District or the Peralta Colleges Foundation owns all donated cash or property except as restricted by the grantor.

Location and Use

In the absence of specific directions by the donor, the allocation and uses of donated items shall be as prescribed by administrative procedures defined by the Chancellor.

Source of Law:

Approved by Board of Trustees:

Revised by Board of Trustees: March 8, 1994

Last printed 4/16/2020 2:45:00 AM

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