C.5. Internal University Reporting Requirements for Noncash Gifts 
     January 1989

Development Policy and Administration Manual 
Chapter IV. Gift Administration Procedures 
Section C. General Information About Noncash Gifts   
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INTERNAL UNIVERSITY REPORTING REQUIREMENTS FOR NONCASH GIFTS


Nonmonetary gifts to The Regents are reported on a UDEV 100
(Gift/Private Grant Acceptance Report form), with the appraised
or estimated value shown in the appropriate box.  For internal
administrative purposes only, it is appropriate to have a quali-
fied member of the University staff estimate a gift's value. 
Such an estimate should approximate the market value, and is
useful for inventory control and determining appropriate report-
ing, handling, custody, and insurance.  

Campuses are responsible for establishing appropriate controls to
track the disposition of gifts of tangible property for two years
from the date of gift for purposes of meeting IRS reporting
requirements (see Section IV: C.4).