B.6. Type of Asset
     January 1989

Development Policy and Administration Manual 
Chapter V. Requirements for Reporting Gifts
Section B. Reporting Categories and Definitions     
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                               TYPE OF ASSET


This category identifies the form (type of asset) of a gift at
the time it is transferred to the University.  The classifica-
tions within this category are mutually exclusive; the single
classification that best describes the type of asset should be
used.

In general, Deferred Gifts (e.g., Charitable Remainder Trusts,
Pooled Income Funds, Charitable Lead Trusts, Externally Held
Trusts, and, in some cases, Insurance Policies) should be re-
ported in one of the following five categories in accordance with
the form the reportable assets take; in cases when it may be
difficult to ascertain the form of assets (e.g., externally held
trusts), reportable assets should be recorded as cash.


Cash

This classification covers currency, coins, checks, money orders,
and bank drafts.


Securities

This classification includes stocks, bonds, and related instru-
ments such as promissory (mortgage) notes (and insurance policies
if maintained rather than surrendered for cash.)  See Section IV:
D.1 for information on valuation of securities that are processed
through the Treasurer of The Regents.


Real Property

This classification applies to real estate, including land,
buildings, and other improvements; and to oil, mineral, and
related rights.  Real property is to be reported at its fair
market value (see Section IV: C.3, Appraisal Requirements to
Substantiate Deductions for Noncash Gifts).


Nonmonetary Items

This classification applies to personal or company property
(except securities and real property), including works of art,
books, and scientific and other equipment.
Nonmonetary gifts are to be reported at their fair market value
(see Section IV: C.3, Appraisal Requirements to Substantiate
Deductions for Noncash Gifts).
TYPE OF ASSET


Pledges

This definition applies to the promise to make a gift or private
grant, the amount of the gift or grant to be paid subsequently by
the donor, usually in installments.  (See also Section IV: E.1,
Pledges and Pledge Payments.)