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What do I do when I receive a check for a gift? First step is to determine if it’s a gift for a new purpose or donor. And to make sure that it’s not related to a sponsored project (see section on sponsored vs gift). If it’s a new gift or new purpose...

Gift: A gift is an unconditional donation to an institution for which the donor does not expect to receive any reciprocal benefit. For the purposes of this document, we focus on monetary gifts. Endowment Gifts: An endowed gift requires the gift corpus be...