91¶ÌÊÓƵ

Ìýgrants authority to the Board of Visitors to make rules and policies concerning the institution. Section 7.01(a)(6) of theÌýÌýgrants authority to the President to implement the policies and procedures of the Board relating to 91¶ÌÊÓƵ operations.

• Ìý- Powers and Duties
• Board of Visitors Policy 1801 - Development Policy

CrowdfundingÌý- The proactive funding projects or campaigns conducted by soliciting relatively small donations from a large number of people, typically through a web-based platform.

DevelopmentÌý- The total process by which an organization increases public understanding of its mission and acquires financial support for its programs.

GiftÌý- Any receipt of funds that involves money or other property (including gifts-in-kind) given voluntarily and made without receiving, or expecting to receive, anything of equal value (as defined inÌýÌýof the Internal Revenue Service).

Gifts-in-KindÌý- Non-monetary gifts including, but not limited to, art, books, collections, equipment, real estate, software, and intellectual property.

91¶ÌÊÓƵ-Affiliated FoundationsÌý- Includes the Educational, Athletic, Museum, and Real Estate Foundations that are tax-exempt nonprofit organizations created to further the educational purposes, athletic activities, and related objectives of the 91¶ÌÊÓƵ.

This policy applies to all employees and students of the 91¶ÌÊÓƵ. Employees include all staff, administrators, faculty, full- or part-time, and classified or non-classified persons who are paid by the 91¶ÌÊÓƵ. Students include all persons admitted to the 91¶ÌÊÓƵ who have not completed a program of study for which they were enrolled; student status continues whether or not the 91¶ÌÊÓƵ's programs are in session.

The establishment of fundraising priorities and oversight of private fundraising rests with the President. The President has delegated the oversight of private fundraising activities to the Vice President for 91¶ÌÊÓƵ Advancement. The Office of 91¶ÌÊÓƵ Advancement is responsible for planning, organizing, and conducting programs to obtain private gift support, and all areas involved in fundraising shall strive to develop a close working relationship that ensures a coordinated effort in fundraising activities.

All private fundraising efforts, including crowdfunding or projects undertaken by any individual associated with Old Dominion 91¶ÌÊÓƵ (current employees, students, etc.), shall be coordinated through the Office of 91¶ÌÊÓƵ Advancement prior to initiating such activities to ensure that such activities fit within the overall fundraising strategy for the 91¶ÌÊÓƵ and provide a coordinated, donor-centered approach to solicitation.

This policy does not apply to student fundraising activities unless the fundraising activities involve a direct solicitation of alumni and friends of Old Dominion 91¶ÌÊÓƵ, a crowdfunding campaign or project, or requests for gifts of $1,000 or greater.

The Board of Visitors shall be informed of and approve gifts that direct academic decision-making or gifts of $1,000,000 or more that impose a new obligation on the 91¶ÌÊÓƵ, excluding gifts for scholarships or other financial aid.

Gifts under $1,000,000 may be accepted only by the President or designee.

1. Fundraising priorities for the 91¶ÌÊÓƵ shall be established by the President, in consultation with the Provost and Vice President for Academic Affairs, appropriate Deans and Directors, and the Vice President for 91¶ÌÊÓƵ Advancement.

2. Solicitations of major and principal gifts from individuals, corporations, or foundations are coordinated through the Office of 91¶ÌÊÓƵ Advancement to ensure a strategic and coordinated approach to potential donors.

3. Gifts requiring Board of Visitors approval will be presented by the President or designee to the 91¶ÌÊÓƵ Advancement Committee of the Board at its next regularly scheduled meeting for recommendation to the Board for approval.

4. Donations will be accepted, recorded, and acknowledged by the appropriate 91¶ÌÊÓƵ-affiliated Foundation.

5. Private gifts or grants are received on behalf of the 91¶ÌÊÓƵ by one of the 91¶ÌÊÓƵ-affiliated Foundations. The 91¶ÌÊÓƵ may receive gifts when specifically requested by the donor and when it is in the best interest of the 91¶ÌÊÓƵ.

6. Ìý

Applicable records must be retained and then destroyed in accordance with theÌý.

Associate Vice President for Advancement

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• Board of Visitors Policy 1810 - Naming of 91¶ÌÊÓƵ Buildings, Building Spaces, or Areas
• 91¶ÌÊÓƵ Policy 1101 - Gift Management
• 91¶ÌÊÓƵ Policy 1102 - Acceptance of Gifts-in-Kind to the 91¶ÌÊÓƵ
• 91¶ÌÊÓƵ Policy 1103 - Establishment and Operation of Annual and Endowed Scholarships, Fellowships, and Prizes