In Brief
- At CU, recognizing revenue as a gift occurs when a donor gives an item of value to the University, and the donor neither expects nor receives anything of economic value in return, except as included with fundraising events or life income arrangements.
- Top areas of concern are: understanding the characteristics of gifts/charitable contributions, and following the appropriate fund accounting policies.
Quick Look
Procedural Statement - effective date: 07/01/17
Introduction
Indirect Benefits
Non-Gift Revenue Payments
Recognition Basis
Revision Log
Questions?
Exceptions
For non-cash gifts (gifts of goods or services), see the Accounting Handbook procedures on Gifts-in-Kind.
Unless approved by the Associate Vice President & University Controller, there are no other exceptions to this procedural statement. Requests for exceptions must be submitted through the appropriate campus controller's office.
Controller