Provisions may be expressed as a specific amount, percentage or remainder of the estate. If it is desired to further specify the use of the gift then this should be set out in documentation accompanying the gift. The purpose and use of a gift as proposed by the donor must be appropriate to the functions and character of the University as determined by the University's statutes, regulations and other governing instruments and not require the University to act contrary to law or public policy or in a manner considered unethical. Gifts should be appropriate to the proposed uses and consistent with the University's published Strategic Plan and Mission Statement. Exceptions may be made with the approval of the University of Queensland Senate upon advice from the Vice-Chancellor.
Gifts are to be valued and credited on the date the donor relinquishes control of the assets.
The amounts recorded by the University are to be arrived at independently of the donors' estimation of the gift value. It remains the donor's responsibility to settle their valuation with the Taxation Office for purposes of their own taxation. Cash, securities, written pledges and gifts of tangible assets are to be credited at full value. Gifts of securities are to be credited at market value on the date the donor relinquished control of the assets. Neither losses nor gains realised by the sale of the securities after their receipt, nor brokerage fees or other expenses associated with the transaction are to be taken to affect the value that has been assigned to the initial gift.