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Donations of Intellectual Property

  • 1.  Donations of Intellectual Property

    Posted 08-25-2022 12:52 PM

    Hi

    We are in need of developing policies, rules and processes for donations of intellectual property.  Are there any sites that have gone through this process that would be willing to share what you have?

     

    Thanks for your help.

     

    Colleen

     

    Colleen Hobson

    Senior Director of Advancement Services

    Utah State University

    Tel: 435-797-1285  Fax: 435-797-1364

     



  • 2.  RE: Donations of Intellectual Property

    Posted 08-25-2022 01:06 PM
    Collen, the CASE Standards delve into this area.  The short version is that these gifts are best left to your Gift Acceptance Committee to decide whether or not to accept.  Further, CASE suggests that you do not value them for fundraising until they generate a revenue stream.

    Here is an example of language I used in the Gift Acceptance Policy I wrote for, and was recently approved by, a client:

    "Gifts of patents and intellectual property (IP) are highly technical in nature, and any staff member contacted about the potential for such a gift should first contact University Advancement for guidance.  If deemed potentially useful, acceptance determination will be made by the GAC.  If ultimately accepted, and per CASE Guidelines, a gift of a patent or IP will be recorded with a value of $1 until an income stream is realized from the patent or IP.  From that point forward, all related revenue will be recorded as a gift for the amounts received."


    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987