Donor Impact
Obligations of Stewardship
Every gift to IIT makes a difference to the institution and has an impact on IIT's success. IIT is committed to stewarding gifts in a timely and appropriate manner.
With gratitude for all gifts and respect for all donors, the university will abide by the following guidelines:
- All gifts will be acknowledged in a timely manner.
- If a contribution is accepted with a restricted purpose, it will be used for that purpose.
- If the university finds itself unable to utilize a contribution for its stated purpose, this will be communicated to the donor so that an alternative use can be arranged or the contribution can be returned.
- For endowment gifts, annual philanthropic donor reports will be given to the benefactor.
- Proper recognition should always be given to the benefactor, and public recognition must be approved by the donor.
- Contributions will be accounted for using universally accepted accounting standards allowing for maximum efficiency and productivity of each gift.