Please note that full text versions of policies, fund (endowment and gift) and professorship information is only accessible through Harvard Medical School's Intranet eCommons website at: http://ecommons.med.harvard.edu/


A gift to a current use gift fund is a charitable contribution from a donor for which no goods or services are provided in consideration. Donors making gifts to Harvard which meet this IRS definition are eligible for a tax deduction and the University's Recording Secretary's Office sends them appropriate tax acknowledgement documentation to support their deduction.

As the name suggests, all amounts in a current use gift fund may be expended at any time, so long as the expenditures meet the spending purpose identified by the donor(s) when the fund was established. Thus, the purpose of the fund is determined by the donor, with agreement of HMS and the University. Endowment funds may have specific donor restrictions or may be for the general purposes of the school.

Please visit the eCommons website for information on:

  • How to Establish a Gift Fund
  • Unrestricted Current Use Gits
  • Restricted Current Use Gifts
  • Criteria to Differentiate between Sponsored Funds and Current Use Gifts Funds
  • Assessment Fees Policy

The following Medical School personnel are available to assist you with questions relating to endowments and professorships:


Michael F. Harty
Director of Accounting
Financial Operations and Analysis
Tel: 617-432-3289
E-mail: mike_harty@hms.harvard.edu

 




Harvard Medical School. Last Updated: Aug 2004. Send feedback to: foa@hms.harvard.edu