Property Control System Manual (PCS)

PCS Manual Revision NoticeD

Acceptance of Property, Gifts, and Donations to the University

Revised to change the title; to add a source; to state that the purpose of the policy is to comply with federal tax regulations regarding noncash donations; to state the responsibilities of the ASU Foundation in obtaining an independent valuation review; to define “independent valuation review”; to specify the requirements for signing IRS form 8283; and to update “Development Office” to “ASU Foundation”

Receiving Gifts and Donations

Revised to update the gift receiving procedure; to update “Development Office” to “ASU Foundation”