Looking a gift horse in the mouth

Non-cash gifts could dwindle if law is changed - PittsburghLIVE.com

In the late 1980s, Seton Hill accepted a horse for its equestrian team. As a result, the school had to rent a stable, buy hay and exercise the horse when students were on summer vacation.

"I can remember our chief financial officer saying to me:, 'This horse has to go.' It was eating us out of house and home," Boyle recalled.

"Fortunately, it died pretty quickly."