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Donations
The
dollar threshold for treating donations as equipment is $5,000.
All donations, without exception, are Caltech owned. Donations are
not considered the personal property of faculty, staff or students,
even though they may have been used as the primary contact, delivery
recipient or the designated end user.
Caltech's
Development Office advises all internal departments that will have
a stake in the item of its receipt. Upon notification, Property
Services will arrange to tag the asset and enter it into Caltech's
Fixed Asset database.
If
you are aware of a donation that may not have been tagged please
contact Property Services at ext. 3911.
Donation
of money for the purpose of acquiring equipment
When money is donated to Caltech, the money is the gift, not the
equipment subsequently purchased with the funds. Equipment purchased
with donated funds is owned by Caltech.
Equipment
provided as part of a Grant
Equipment provided in conjunction with, or as part of, a grant is
not a donation.
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