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Northern Arizona University
NAMED GIFT GUIDELINES
Effective July 1, 2008,
Revised September 2015The Arizona Board of Regents (LABOR) policy on Naming Facilities and Programmatic Units for
individuals
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How to fill out named gift guidelines
How to fill out named gift guidelines
01
Start by gathering all necessary information about the person for whom the named gift will be given. This includes their full name, contact information, and any specific preferences or interests they may have.
02
Research the guidelines and requirements for naming a gift in the specific context or organization you are dealing with. This may include certain restrictions or criteria that need to be met.
03
Prepare a written proposal outlining your intention to name a gift and how it aligns with the guidelines. This should include the purpose or contribution of the gift, the proposed naming opportunity, and any other relevant details.
04
Submit the proposal to the appropriate authority or committee responsible for approving named gifts. Make sure to include any supporting documents or additional information that may be required.
05
Await a response and follow up as necessary. The approval process may take some time, so it is important to be patient and proactive in your communication.
06
Once the named gift is approved, proceed with the necessary documentation and paperwork to formalize the naming. This may include signing an agreement or contract, making the required donation or contribution, and fulfilling any other obligations as specified.
07
Finally, make sure to publicly recognize and acknowledge the named gift according to the guidelines provided. This may involve ceremonies, plaques, or other forms of recognition as specified.
Who needs named gift guidelines?
01
Named gift guidelines can be useful for individuals or organizations who wish to make a significant contribution or donation and want to have a lasting impact by having their name associated with the gift.
02
This could include individuals who want to leave a legacy or honor a loved one, as well as corporations or foundations looking to support a cause or organization.
03
In addition, institutions or organizations that rely on philanthropic support and offer naming opportunities to donors also require named gift guidelines to ensure consistency and fairness in their naming practices.
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What is named gift guidelines?
Named gift guidelines refer to the rules and regulations set forth by the IRS regarding reporting gifts that exceed a certain value.
Who is required to file named gift guidelines?
Any individual or entity that gifts an amount exceeding the IRS threshold must file named gift guidelines.
How to fill out named gift guidelines?
Named gift guidelines can be filled out online through the IRS website or by paper using Form 709.
What is the purpose of named gift guidelines?
The purpose of named gift guidelines is to track and tax gifts that exceed a certain value in order to prevent tax evasion.
What information must be reported on named gift guidelines?
Named gift guidelines require reporting the donor's information, recipient's information, gift amount, and any applicable deductions.
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