The recipients of a gift, prize or reward payment may include faculty and staff members or Ä¢¹½ÊÓƵ affiliates. Approval must be obtained from a dean, director or department head prior to issuing the payment to the recipient. All monetary payments and non-monetary items above the de minimis threshold, with a few exceptions, qualify as taxable compensation to the recipient and are subject to federal, state, and employment tax withholding and reporting.
Responsible Executive:
Chief Financial Officer, Vice President & Treasurer
