Fayetteville Policies and Procedures  315.0 

Investments - Donated Stock and Other Marketable Securities

The University of Arkansas, Fayetteville may accept gifts of donated stock and other marketable securities.  The Cash Management Office is authorized to sell the securities on behalf of the university.  All donations of marketable securities must be processed by Cash Management and must be transferred to the Cash Management Office as soon as practicable.

Gifts of marketable securities may be made by electronic transfer to a university brokerage account or by stock certificate, in which case the certificate should be either duly endorsed or accompanied by a stock power and in each case have an appropriate signature guarantee.

Generally,  all marketable securities will be liquidated upon receipt. For accounting purposes, the current market value less disposition cost will be credited to the appropriate cost center after liquidation.

Contributions of cryptocurrency or any other digital securities will not be accepted.

Any exceptions to this policy shall require approval, in writing, by the Vice Chancellor for Finance and Administration.

Revised June 24, 2024
Reformatted for Web April 1, 2014
Revised May, 1997
January 21, 1991