External Non-Profit Corporations - UTDBP3003

Policy Statement

Policy on Relations with External Non-profit Corporations

Purpose

The purpose of this document is to describe the relationship between external non- profit corporations and The University of Texas at Dallas.

Administration and Investment of Funds Held by Private Support Organizations

Funds and property received directly by a private support organization from a donor with the intent of benefitting UTD are not subject to control by the Board of Regents until such organization relinquishes control of the funds to the Board. Gifts of funds or property to The University of Texas at Dallas from an external non-profit corporation may be accepted under the same conditions as a gift from any other donor.

Contracts with Private Support Organizations

Any contract with a Private Support Organization must be approved by the Board of Regents and must:

1. Provide adequate consideration to the University;
2. Serve a University purpose; and
3. Enable the Board of Regents to maintain sufficient control over any University resources provided by the contract to ensure the governmental purpose is met.

Review

This policy document shall be reviewed and updated periodically by the Vice President for University Advancement in consultation with the President.