The Gift Funds Stewardship and Management Program
The University of Michigan enjoys a long history of philanthropic giving to advance our public mission. Effective use of gifts enables investments in education, research and programs, supports ongoing fundraising and donor relations, and is essential for the university to sustain long-term financial health.
To ensure that our donors’ generous gifts are put to good use toward their intended purposes, the Gift Funds Stewardship and Management Program developed a comprehensive approach for gift fund management across the university.
This Program Includes
- A community of practice to ensure a strong link between donor gifts and spending practices;
- Shared definitions, processes, and best practices for units to prioritize the use of these financial resources for strategic needs;
- An enterprise-wide set of reports to provide easy access and increased visibility to the gift resources, the type and amount of gifts available, and the group or person responsible for spending the gifts.
- A Standard Practice Guide (SPG 602.03), with an accompanying learning module, that establishes an institution-wide policy in order to guide and direct the university community.
Policy Overview
To ensure that gifts are spent in a timely manner and in compliance with donor intent, a process has been developed for faculty, staff, and administrators.
Guidance
Learn how to confirm fund purpose, use reporting tools, and maintain documentation to demonstrate progress toward improved fund utilization.
Contact Information
Email for questions [email protected]