Say It with Confidence: "Yes! We Do That."

Donations may be classified incorrectly; internal sharing of information regarding restricted funds and related expenditures may be suboptimal or downright nonexistent; there may not be a restricted funds database, or it may need upgrading; there may be inadequate access controls to maximize the pri...

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Bibliographic Details
Published in:The Presidency 2015-07, Vol.18 (3), p.8
Main Author: McDonough, Peter
Format: Article
Language:English
Subjects:
Budget surplus
College presidents
Colleges & universities
Confidence
Data bases
Donations
Gifts
Restrictions
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Summary:Donations may be classified incorrectly; internal sharing of information regarding restricted funds and related expenditures may be suboptimal or downright nonexistent; there may not be a restricted funds database, or it may need upgrading; there may be inadequate access controls to maximize the privacy of donor information; database restriction descriptions or end-user spending decisions may be made without access to proper legal review; or departing personnel may not adequately transfer knowledge to others to ensure smooth transitions and continued attentiveness to restrictions. Since 2006, some states have modified their laws to allow for cy pres of restricted funds that are small (less than $25,000) and old (more than 20 years), upon notice to the state's attorney general.
ISSN:1099-3681
2163-2294