A set of definitions are presented to create common cost and gift reporting standards for fund raisers and business officers at colleges, universities, and independent secondary schools. The objective is to bring clarity and consistency to the gift reporting process. In addition, the standards and management reports formats provide useful tools that allow institutions to: compile results of one year's fund-raising program and compare them to previous years; compare its results with those of other institutions; and monitor the relationship between fund-raising efforts and public relations activities. Information is provided on: major revenue sources to be included in the gift income report, although these are not normally included in the institution's financial statements; guidelines for gift valuation (e.g., securities; real and personal property; charitable remainder trusts, pooled income funds, and gift annuities; charitable lead trusts; trusts administered by others; and insurance). Guidelines and definitions are also presented on sources of gifts, donor purposes, current operations, capital, other program data, expenditure types and objects of expenditures, activity categories, and services/supplies and other current expenses. Report forms are included. (SW)