501(c)3 charitable organizations
View policy pdf: 501-C-3 Charitable Organizations Policy
The University of Georgia is required by the Board of Regents of the University System of Georgia and state and federal regulations to inventory and track moveable assets. Assets are acquired from a variety of sources and must be used for institutional purposes and they must be disposed of in accordance to state guidelines. The Department of Administrative Services defines surplus property as “any item that is non-consumable and non-expendable that is no longer needed”. These items may or may not be inventoried by the University of Georgia. There are several options for disposing of state property.
Reason for Policy
Ensure all UGA assets are disposed of properly.
UGA is allowed to donate surplus to local charitable (IRS 501(c)3) organizations in lieu of adding to and paying for waste disposal. This option can be used for equipment that has scrap value but is not physically destroyed on site.
All Property Control Forms can be found at the following site: http://www.busfin.uga.edu/forms/
Property Control Office, 706-542-4390, firstname.lastname@example.org
For all assets all documentation should be retained for 5 years after disposition of equipment. [0472-01-005]
Responsible University Senior Administrator: Vice President for Finance & Administration
Responsible University Administrator: Associate Vice President for Finance Division
Policy Owner: Asset Management
Policy Contact: Craig Mathews
Phone Number: 706-542-4390