Gifts of Capital Assets (Gift-in-Kind)
All donated capital assets must be reported and processed through the Development Office.
Donated capital assets must meet the same criteria (value, useful life, etc...) as other capital assets (buildings, equipment, etc...) before they can be recorded.
Donated capital assets that are to be sold upon their receipt will not be recorded as university assets.
Donated capital assets that are placed into service will be recorded as university assets based on their estimated fair market value (at time of acquisition), plus any ancillary costs paid by the university required to place them into service.