What is required of units receiving donations or bequests below a specified amount?

When units receive donations or bequests below a specified amount, no notification is necessary. This means that smaller contributions do not impose the same administrative requirements as larger donations, allowing units to streamline their processes regarding minor gifts. This approach encourages units to accept smaller donations without the burden of extensive reporting or bureaucratic procedures, thereby promoting the growth of resources that may support their activities or programs.

In contrast, larger donations typically require more formal reporting and accountability, which is why there are guidelines for significant contributions to ensure compliance with relevant regulations and oversight. Smaller donations, however, are recognized as manageable and less impactful on the overall financial framework, allowing units to maintain operational efficiency.