Gifts

Questions regarding gifts should be directed to Deb Wilcox, Accountant, Controller's Office, Eppley 208, 402.554.2738 or Joe Huebner, Controller, Eppley 208, 402.554.2737.

UNO Gift Procedures
Normally gifts for the benefit of UNO programs are received via the University of Nebraska Foundation. Occasionally, monetary donations are directly given to the University of Nebraska at Omaha. These gifts should be taken to Deb Wilcox, on a timely basis to be deposited in a Restricted WBS Element. Checks of $500 or more should be deposited within 24 hours of receipt.

Deposit receipts should be sent to Deb Wilcox so they can be reported to the Board of Regents. Deposits will be forwarded to Cashiering.

Deb Wilcox should be notified of all property and service donations given directly to UNO. Please contact her via email dwilcox@mail.unomaha.edu or by phone at 402.554.2738. This notification should include documentation from the donor regarding the gift and the fair-market-value of the gift determined by the UNO department receiving the gift.

University departments should send thank you letters for all gifts received directly by UNO. If a gift of cash or property is $250 or more, IRS substantiation documentation must be sent to the donor. Copies of the letters, including the IRS substantiation documentation, must be sent to Laura VanNordstrand, Administration Office, Eppley 209, for all gifts of cash or property of $250 or more. A copy of the guidelines can be found below. If you need further assistance in meeting the substantiation requirements, please contact Laura at 402.554.2322.


UNO Alumni Association and University Foundation Gift Procedures
Direct Payments:
Gifts held at the UNO Alumni Association or the University Foundation can be spent directly from the Alumni Association or the Foundation as long as the expenditures could not have been processed through the University. Direct payments are specifically not allowed for salary and wage compensation to UNO employees, equipment ($5,000 or more), or tuition or scholarships. Alumni Association Withdrawal Request forms and Foundation Request for Payment forms should be completed for direct expenditures. These forms should be sent to Lynn Stephenson, Eppley 209.

Transfers to UNO:
A Restricted UNO WBS Element can also be established for any gifts from the Alumni Association or Foundation. A Restricted WBS Element must be used to pay salary, equipment and scholarships. Please contact Deb Wilcox via email dwilcox@mail.unomaha.edu or at 402.554.2738, to establish a new WBS Element for these funds. Scholarships must be coordinated with UNO's Financial Aid Department. The Controller's Office will request funds for all scholarships. Alumni Withdrawal Request forms and Foundation Request Payment forms to transfer funds to a UNO Restricted WBS Element should be sent to Deb Wilcox, Eppley 208.


Executive Memoranda No. 8 Policy and Procedures Concerning Acceptance of Gifts, Bequests, and Grants; Acknowledgement to Donors; Reporting to the Board of Regents; and Depositing Funds


University of Nebraska Guidelines Regarding Substantiation of Gifts (Rev. Sept . 1994)

Revenue GL Accounts for Gifts
The G/L Accounts to be used for recording restricted donations given to UNO are as follows:

UNF Endowment and Purpose Codes