Private Support Organizations or Donors (D-25.5)
Original Implementation: July 9, 1991
Last Revision: October 22, 2012
Pursuant to Chapter 2255 of the Texas Government Code, the university will recognize only those private support organizations that meet the requirements of this policy as being formed and designated to further the purposes and duties of the university.
Any organization or donor (whether existing as a corporation or as an unincorporated association) that is formed to further the purposes and duties of the university must enter into a written agreement with the university, approved by the Board of Regents. If the board declines to enter into such an agreement, the private support organization or donor is deemed not to further the purposes and duties of the university, and the board expressly forbids the use of the name, property, or employees of the university in any actions or activities on the part of the private support organization or donor. The agreement will address and govern all aspects of conduct of the university and its employees in the relationship between the private support organization or donor and the university and its employees including, but not limited to, the following:
- administration and investment of funds received by the organization for the benefit of the university;
- use of an employee or property of the university by the donor or organization;
- service by an officer or employee of the university as an officer or director of the donor or organization; and
- monetary enrichment of an officer or employee of the university by the donor or organization.
Nothing in this policy requires that the university include only the above provisions as subject matter in the agreement between the university and the private support organization or donor. The board has the responsibility to enter into that form of agreement which the board, in the exercise of its statutory authority, determines is in the best interest of the university.
Neither this policy nor any agreement entered into by the university may conflict or supersede a requirement of a state or federal statute regulating the conduct of a university employee or regulating the policies and procedures of the university.
Cross Reference: Tex. Gov’t Code § 2255.001
Responsible for Implementation: President
Contact for Revision: President
Forms: None
Board Committee Assignment: Finance and Audit