Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

REGENTS’ POLICY MANUALSECTION 7 – UNIVERSITY DEVELOPMENT7.8—THE PRESIDENT’S ASSOCIATESThe President’s Associates Program is the University’s principal source of unrestricted enrichmentfunds dedicated to academic purposes. The President manages and administers the distribution of theunrestricted Associates Program funds to accomplish the goals of the University, to address importantneeds, and to take advantage of special opportunities that will benefit the academic mission of theUniversity.The President’s Associates Program includes the following levels:1) Young Associate – Recognizes an individual donor 39 or younger for an annualcontribution.2) Annual Associate – Recognizes an individual donor for an annual contribution.3) Honored Associate – Recognizes an individual, couple or company for an annualcontribution.4) Distinguished Associate – Recognizes an individual, couple or company for anannual contribution.5) Life Associate – Recognizes an unrestricted gift to the Associates Second-CenturyEndowment. An individual who becomes a Life Associate will be listed as suchthroughout his or her lifetime.6) Endowed Associate – Recognizes an unrestricted gift to the Associates Second-Century endowment. Individuals or couples who become Endowed Associates willbe listed as such for life.All gifts received through the President’s Associates Program are used for academic purposes. Theentire gift may be given unrestricted, or one-half may be designated to a college, school, department oracademic program.• Restricted funds will be administered by the dean or director of the college, school,department, or academic program of the donor’s choice and must be used for academicpurposes. The appropriate dean will submit a report at the end of each fiscal yearoutlining the use of the Associates Program funds within the college.• Expenditure of unrestricted gifts will be made at the discretion of the President. Grantsmay be awarded to projects that:• Strengthen the academic program immediately and directly.• Enable the department or program to position itself for additional externalfunding.• Directly benefit or provide special opportunities for students.THE UNIVERSITY OF OKLAHOMA 319