Donating Unused or Unserviceable Capital Equipment Assets
Departments can donate capital equipment assets to non-profit or government-recognized charitable organizations. Donated capital equipment assets must be fully depreciated before they can be donated and the University must have title to the asset. Accounting Services can verify the University has title to the equipment. Contact Accounting Services at [email protected] for assistance in determining ownership.
Capital equipment assets purchased with sponsored funds:
- Federally sponsored funds: Not allowed
- Non-federally sponsored funds: Follow steps below.
- Determine the net book value (NBV) by using the existing asset management reports in UMReports or by a query in the PeopleSoft Asset Management module.
- For assistance in determining the NBV or ownership, please contact Accounting Services at [email protected]
- A non-profit or government-recognized charitable organization, e.g. schools or churches are examples of charitable organizations.
- Cannot be an individual
- Individuals may acquire University-owned equipment by purchasing from the department with custodial responsibility. Refer to Administrative Procedure: Selling Capital Equipment Assets to External Entities or Employees
- Dean, department head, or administrator's signature is required on this form. Approval authorization can be delegated based on the President's Delegations of Authority Program: FN02 - External sales of good and services.
- The donation cannot occur if it has not been approved by Accounting Services.
- The UM asset tag should be removed before the item leaves the University premises.