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HSU Policies

HSUAF 06-05 HSU Advancement Foundation Gifts of Stock Policy

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Month/Year Posted: 
07-2012
Policy Number: 
HSUAF 06-05

HSU Advancement Foundation

Gifts of Stock policy

[Approved at May 24, 2006 Board Meeting]
 
I.       PURPOSE
 
It is the Foundation’s goal to immediately address all gifts of stock from donors.
 
II.       PROCEDURES TO IMPLEMENT GIFTS OF STOCK POLICY
 
A.                The Executive Director will provide written instructions to US Bank Custodial regarding gifts of stock from HSUAF donors requesting immediate liquidation of all gifts of stock when:
1)      The closing Market Value is $100,000 or less, on the day the gift was received at US Bank Custodial.
 
B.                 Gifts of stock with a closing Market Value of $100,001 or greater will be reviewed by the Finance Committee and administered on a case by case basis.
 
C.        The Foundation Board reserves the right to modify this policy at any time.
 

 

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