Policy Information
Surplus Donation Requirements
Effective
Number
INV 4 00
Applicability
This policy applies to University Administrators Faculty and Staff
Administrative Authority
Vice President for Finance and Chief Financial Officer
Responsible Unit
Purchasing/Surplus Property
Surplus/Inventory Control Building, University of Louisville
Louisville, KY 40292
502-852-8216
inventorycontrol@exchange.louisville.edu
History
Original Date: Unknown
Revision Date(s): February 25, 2020; September 3, 2025
Reviewed Date(s): February 25, 2020; May 2, 2023
Categories
Statement
In accordance with KRS 164A.575 (7), University-owned property can be disposed of by donation to a nonprofit organization that is exempt from taxation under Section 501(c) (3) of the Internal Revenue Code, excluding religious organizations.
Related Information
See Purchasing Policy 14.00 for a full explanation of disposal by donation.