In This Issue:
- Updates to Research Gifts
- AFM Assists with Spring 2023 Ring Celebration
- Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu
Updates to Research Gifts
As a result of an internal audit consulting project conducted in August 2021, AFM, Office of Sponsored Projects, and University Development Office collaborated to clarify policies and procedures related to acceptance of research gifts and distinguishing between gifts and grants. HBP 2.2.6 A. General has been updated to include:
- All restricted gifts for research must be deposited in an account that is appropriately coded in DEFINE with report code GFT RSCH. Each restricted gift equal to or greater than $100,000 designated for research should receive its own dedicated 30-account.
This project has also resulted in a rewrite of HOP 3-2031 Gifts: Solicitation, Acceptance, and Management and a newly developed HOP for Designating External Support as Gift or Sponsored Award that consolidates a number of working documents as official university policy. These HOP updates are in progress and will be published in the near future.
Please contact Lori Peterson (lpeterson@austin.utexas.edu), Bob Groves (bgroves@utexas.edu), or Mark Featherston (mark.featherston@austin.utexas.edu) if you would like additional information or have questions/concerns.
AFM Assists with Spring 2023 Ring Celebration
As part of UT tradition, the university honored its students and alumni with the Tower Dedication and Ring Celebration. During the Tower Dedication, the class rings spent the night on April 13 in the Tower and were presented to the recipients the following day. Texas Exes works in cooperation with AFM to coordinate the transportation and storage of the rings the day before the ring ceremony. The rings are then taken from the Tower directly to the Ring Celebration, where they are presented to UT students and alumni.
Submit Newsletter Feedback and Article Suggestions to AFM@austin.utexas.edu
Many thanks to the readers who have written in with suggestions and feedback about the newsletter. Please continue to write in with any suggestions for improvements or comments to the AFM@austin.utexas.edu email address.