Viterbi has established a gift account for recognized student organizations to deposit their donations from company or individual donors. All donations from a corporation or individual must be deposited into the gift account. Depositing funds into this account accomplishes the following:
- Provides the donor the eligible tax benefits through the required documentation on behalf of the University.
- Removes all tax liability and filing requirements from an individual student or student organization.
- Ensures acceptance of these funds as the responsibility of the University rather than an individual student or student organization.
- While most university gift accounts require additional fees on gifts to be paid, we have established one gift account for use by all student organizations that have these fees waived.
- Individual account ledgers for each student organization available for review upon request.