Donations and Fundraising

Donations and Fundraising

SUMMARY

The Donations and Fundraising Policy establishes a framework for the effective, efficient and ethical acceptance and management of philanthropic gifts received by the University and its Controlled Entities, through its fundraising activities.

POLICY

1     PURPOSE

To establish a framework for the effective, efficient and ethical acceptance and management of philanthropic gifts received by the University and its Controlled Entities (“the University”), through its fundraising activities.

2     BACKGROUND

Macquarie University, as a publicly funded University, is endorsed by the Australian Tax Office as a Deductible Gift Recipient and can accept gifts in accordance with the objects and purposes of the University.

Philanthropy plays a significant role in fulfilling Macquarie University’s mission and goals. Accordingly, the University welcomes gifts from its graduates, staff, individuals, the business community and other organisations who are willing to support the University in accomplishing its mission.

3     SCOPE

All University staff involved in any aspect of acceptance or management of gifts, bequests and University fundraising whether these are monetary or in-kind or any such activity approved to be undertaken on behalf of the University.

4     DEFINITIONS

Commonly defined terms are located in the University Glossary. The following definitions apply for the purpose of this Policy:

ATO - Australian Tax Office http://www.ato.gov.au

Bequest – a gift of a monetary sum or property derived from the estate of a deceased individual through a will given into the permanent possession of the University

Cultural Gift – gifts of culturally significant property, except property that is an estate or interest in land or in a building or part of a building. In Australia, cultural gifts are made under the Cultural Gifts Program administered by the Commonwealth Government. In Australia this gift type does not cover testamentary gifts made in a will.

DGR - Deductible Gift Recipient

Gift / Donation – any cash or in-kind gift, or pledge to make such a gift, that is given voluntarily with philanthropic intent

Gift in-kind / Non-Cash gift – any non-cash gift, or pledge to make such a gift, that is given voluntarily with philanthropic intent e.g. personal and real property, shares, trading stock and cultural gifts

Donor – any natural or legal person who provides a voluntary monetary or in-kind transfer to the University with philanthropic intent, whether this is for a specific purpose or not.

Endowment – a donation made in accordance with the University’s Investment and Treasury Risk Management Policy whereby funds are provided with the intention to be invested in perpetuity to ensure ongoing support for beneficiaries from the investment earnings.

Gift Agreement – a signed agreement between the University and donors outlining the agreed purpose and amount of the gift.

Philanthropic intent - all giving which does not confer full or partial ownership of a deliverable on the donor in return for the funding i.e. there must be no material benefit to the donor.

University – Macquarie University and its Controlled Entities.

5     POLICY STATEMENT

FUNDRAISING

To implement a strategic, uniform and coordinated approach to all fundraising activity, the University will:

  • adopt transparent and ethical processes for the acceptance and management of donations and fundraising activities across the entire University.
  • develop operational procedures to accompany each fundraising activity such that a strategic, uniform and coordinated approach to fundraising, gift acceptance and receipting is achieved. This is to ensure that multiple, conflicting, or inappropriate solicitations will be minimized.
  • protect the confidentiality of donors consistent with their wishes and to the extent provided by law (e.g. Privacy and Personal Information Protection Act 1998 NSW). The University will however comply with any legal obligation to disclose the names of donors and the nature and value of their donations.
  • adequately identify funds and use them for the purpose for which they were intended.
  • maintain Deductible Gift Recipient (DGR) Status under the Income Tax Assessment Act 1997 (Cwlth).

Under the auspices of the Deputy Vice-Chancellor, Engagement, the Advancement Office is responsible for managing the University’s relationship with donors and prospective donors.

Delegated authority to approve University-wide, faculty, office and controlled entity fundraising campaigns and initiatives is stipulated in the University Delegations of Authority Register.

No member of the University or its Controlled Entities may finalise approaches for fundraising purposes unless coordinated with and approved through the Advancement Office.

Macquarie University Advancement staff engaged in fundraising activities and donor management must conduct themselves as ambassadors for the entire University.

GIFT ACCEPTANCE

The University will only accept gifts where they are ethical in nature and are consistent with the mission, goals and policies of the University.

The University will not accept gifts if for any reason such acceptance would compromise its integrity, reputation, autonomy or academic freedom, or where such acceptance would be inconsistent with the University's mission and policies.  The University has the right to refuse any philanthropic gift.

The University does not accept gifts generated by the proceeds of the Tobacco Industry or crime.

Ownership of all gifts are vested in the University, whether they are for the benefit of the University generally or for some specific purpose.

The University may accept gifts of cash, personal and real property, trading stock and shares.

Delegated authority for accepting cash and non-cash gifts, and for the subsequent disposal of non-cash gifts, is stipulated in the University Delegations of Authority Register.

If a gift is in the form of non-cash, advice must be sought from the Vice-President, Finance and Resources regarding the potential impact on the University.  Non-cash financial gifts (including bonds, equities, real property), will only be accepted if they meet the investment parameters of the Investment and Treasury Risk Management Policy, otherwise they will be liquidated upon receipt.

The valuation and receipting of gifts-in-kind is subject to the rules and regulations set forth by the Australian Tax Office and the policies of the University.

The Macquarie University Librarian has oversight over gifts of library resources, art or cultural objects to the University's Library, Museums and Collections in accordance with its collection development principles.

GIFT PURPOSE

All gifts, whether monetary or in-kind are to be made to the University with an express or implied intention to support the mission of the University.

The wishes and intentions of the donor provide guidance in determining the purpose for which the gift will be used.

Where a donor has not indicated a purpose, the University will determine where the gift is to be allocated.

Before accepting a gift, the University will consider any additional University funding or commitment required to maintain, administer or comply with the conditions and intended use of such gift.

BEQUESTS

The expressed wishes and intentions of the bequestor, as outlined in the will, are paramount in determining the purpose for which the gift will be used.

Where the University is unable to honour the intentions of the will, all appropriate legal measures will be taken to determine a purpose for the gift that most closely aligns to the bequestor's intentions.

Liaison with the executors of the estate and the deceased person's family members is primarily the responsibility of the Advancement office. Other University departments, staff or faculty members may, however, participate as appropriate.

GIFT ADMINISTRATION

All major gifts accepted by the University will be administered via a Gift Agreement which are signed by both the delegated University authority as per the current delegations register and the donor(s).

No person representing the University is to provide advice and/or engage in speculation about the taxation implications or legal status of donations with respect to the potential impact on the donor. Donors are advised to seek their own independent advice about these matters.

All gifts accepted by the University will be recorded on the University's central donor database and within the University finance system.

All gifts will be receipted and formally acknowledged by the Advancement office in a prompt manner where sufficient information has been provided to do so.

Gifted funds will be distributed to identifiable project accounts in the University’s general ledger according to the funding purpose and in accordance with the Project and Operations Ledger Account Policy.

Endowed funds will be managed by the Vice-President, Finance and Resources in accordance with the University’s Investment and Treasury Risk Management Policy.

Expenditure of funds received by the University from donations is subject to the University’s Delegations of Authority Policy.

The Advancement Office will advise donors on the use of funds donated and the impact of their giving, through donor reporting and giving impact communications.

6     RELEVANT LEGISLATION

Australian Charities and Not-for-Profit Commission Act 2012 (Cwlth)

Income Tax Assessment Act 1997 (Cwlth)

Privacy and Personal Information Protection Act 1998 (NSW)

7     KEY RELATED DOCUMENTS

Delegations of Authority Policy

Delegations of Authority Register

Funding from the Tobacco Industry Policy

Investment and Treasury Risk Management Policy

Naming Recognition Policy

Project and Operations Ledger Account Policy

Reserve Powers of Council Register

8     NOTES

8.1

Contact Officer

Director, Operations, Advancement

8.2

Implementation Officer

Director, Development / Director, Campaign & Principal Gifts

8.3

Approval Authority / Authorities

Deputy Vice-Chancellor, Engagement

8.4

Date Approved

12 December 2019

8.5

Date of Commencement

12 December 2019

8.6

Date for Review

December 2022

8.7

Documents Superseded by this Policy

Donations and Fundraising Policy approved 4 May 2015

8.8

Amendment History

Nil

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