Year End Gifts

Policy Statement

Gifts raised by the Office of University Advancement and External Relations help Adelphi to carry out its mission to transform the lives of all its students. The University welcomes all gifts that support general operating costs, help build the endowment and fund a variety of special purposes that reflect both the needs of the University and the interests of its donors. This policy guides the acceptance of gifts made at the calendar year end and is governed by IRS regulations.

Reason for Policy

The intent of this policy is to provide Adelphi University’s leadership, faculty, staff and volunteers with guidelines for the acceptance of gifts made at the calendar year end and is governed by IRS regulations.

Who Is Governed by this Policy

Faculty, staff, volunteers

Policy

A charitable contribution can be deducted by an individual for income tax purposes only in the year in which it is actually given. Gifts received by University Advancement and External Relations or its representatives must be postmarked by the United States Post Office no later than December 31 of the year in which the gift is made or must be delivered or transferred to the Office of University Advancement’s account by this date. Gifts sent by Fedex or a similar carrier will be counted on the date received by Adelphi and not the date mailed. Charitable contributions made with a credit card are counted in the year the charge occurred, e.g., a charitable contribution charged to a donor’s credit card on December 31, 2021 is counted as a gift made in 2021 even if the donor pays the bill in 2022.¹

¹ In accordance with IRS Publication 526 (2021), Charitable Contributions.

Definitions

This policy does not have definitions associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Procedures

This policy does not have procedures associated with it at this time. Upon periodic policy review, this area will be evaluated to determine if additional information is needed to supplement the policy.

Forms

This policy does not have forms associated with it at this time. Upon periodic policy review this area will be evaluated to determine if additional information is needed to supplement the policy.

Related Information

Document History

• Last Reviewed Date: November 1, 2023
• Last Revised Date: November 1, 2023
• Policy Origination Date: Unknown

Who Approved This Policy

Thomas Kline, Vice President of University Advancement and External Relations