Gift Policy Term Definition

anything of value, including, but not limited to cash, securities, bequest/trust distributions, life insurance, real estate, loans, gift cards, tickets to entertainment or sporting events, and food given to UTMB, a department/institute, and/or a UTMB employee by a third party.  NOTE: salary, honoraria, expense reimbursements, and other such payments for services are not considered gifts.  These payments are considered compensation for disclosure purposes.