Rule 3357:3-3-05. Donations

111.15 The following rules of the college are established: (A) Purpose. Donations enable the college to supplement its state appropriations so that it may improve and increase its functions, enlarge its areas of service and become a more useful institution for a greater number of people. (B) The college shall only receive and accept gifts that are consistent with the overall mission of the college and which fully comply with any applicable federal or state law, and which give the college control, subject to legally expressed donor intentions, over decisions regarding how such gifts are utilized. (C) Proposed gifts of property and equipment must be evaluated to determine whether the costs to the college associated with receiving and maintaining the gift can be prudently accommodated. (D) After review and evaluation of proposed donated items, the college shall obtain appropriate board of trustees approval for acceptance of such items. The president or designee is authorized by the board of trustees to establish policies to implement rules. Supplemental Information Authorized By: 111.15 Amplifies: 3357 5/10/1978, 12/6/2010