Gift Definition
Last Updated: February 23, 2018 10:44:56 AM PST
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The legal definition of a gift is a contribution that is donative in intent, given voluntarily and without expectation of consideration, for which, in general, no contractual or grant requirements are imposed. Gifts are normally awarded irrevocably. There are two general types of gifts, restricted and unrestricted. Restricted gifts are to be used for a specific purpose as agreed to by the donor and the University. Unrestricted gifts can be used at an administrator’s discretion to meet the needs of the unit. Any gift can be made to either a current or endowed fund.
The governing document for UC San Diego for classification of an award from a private source, including a gift, is UC San Diego - PPM 150-35.