B.1. Letters and Deeds of Gift
     January 1989

Development Policy and Administration Manual 
Chapter IV. Gift Administration Procedures 
Section B. Documenting Gifts     
*************************************************************
                         LETTERS AND DEEDS OF GIFT



Gifts to the University are normally accompanied by a letter or
deed of gift from the donor that specifies the use to which the
gift is to be put.  Under California law, gifts of community
property require the consent of both spouses.  A non-consenting
spouse can revoke his or her community interest in such a gift. 
It is therefore in the best interests of the University to secure
the signatures of both spouses for all significant gifts.

Ideally, a letter of gift should include the following points for
ease in administering the fund:

     -    clearly state the donor's intention to make a gift;

     -    include a brief description of the gift (e.g., cash,
          shares of stock);

     -    declare that the gift is irrevocable (under California
          law, a gift is considered revocable unless the donor
          specifies that it is irrevocable);

     -    identify the campus for which the gift is intended; 

     -    the type of fund (i.e., for current use, loans, or
          endowment) and, if an endowment is to be established,
          authorization for The Regents to combine the gift with
          other funds for investment purposes; and 

     -    include a specific designation of the purpose or
          purposes for which the gift is to be used.  


Following are texts for several sample letters and a deed of gift
that have been approved by General Counsel.


Unrestricted Gift

     "I/We enclose my/our check for $           payable to The
     Regents of the University of California.  This is an irrevo-
     cable gift and shall be used at the                     
     campus to further the goals of the University as The Regents
     in their discretion deem appropriate."

LETTERS AND DEEDS OF GIFT



Restricted Purpose Gift

     "I/We enclose my/our check for $           payable to The
     Regents of the University of California.  This is an irrevo-
     cable gift, and shall be used for           (specify
     purpose)          at the                      campus."  (For
     example:  ". . . shall be used for scholarships for needy
     undergraduate students. . .") 


Gift Designated for Endowment

     "I/We enclose my/our check for $           payable to The
     Regents of the University of California.  This is an irrevo-
     cable gift, and may be combined with the University's other
     funds for investment.  The income only from this gift shall
     be used to further the goals of the University at the        
                campus as The Regents in their discretion deem
     appropriate.  The endowment fund established with this gift
     shall be known as the `                     Fund.'"

     
Gift Restricted as to Campus, Purpose, and for Endowment

     "I/We enclose my/our check for $           payable to The
     Regents of the University of California.  This is an irrevo-
     cable gift, and may be combined with the University's other
     funds for investment.  The income only from this gift shall
     be used at the                     campus of the University
     for           (specify purpose)          . The endowment
     fund established with this gift shall be known as the `      
                   Fund.'

     "If at any time in the judgment of The Regents it is imprac-
     tical or impossible to carry out this purpose, then the
     income from this gift shall be used at the discretion of The
     Regents for such other purpose as they determine to be con-
     sistent with my interests and intentions."


Sample Deed of Gift (Tangible Property Gifts)

     A sample Deed of Gift form for gifts of tangible property
     may be found on the following page.

                                      

                               DEED OF GIFT

I (We) hereby give, transfer, and deliver to The Regents of the
University of California the property described below, which I
(we) own:


The value of this property is $_________________, as determined
by ____Donor  ____Qualified Appraiser.  (Written appraisals are
required to substantiate tax deductions for gifts valued in
excess of $5,000.)

This is an irrevocable gift, and shall be used at the
_____________________ campus for the following purpose:

                            (complete purpose)


_____________________________ ______________________________
Donor                         Donor


_____________________________ ______________________________
Date                     Date
                                                                           

                           DEPARTMENTAL APPROVAL

Department:

Signature:                    Date:

Title:
                                                                           

                                ACCEPTANCE

Signature:                    Date:

Title: