This non-profit gift acceptance policy template has 4 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our non-profit gift acceptance policy template:
NON-PROFIT GIFT ACCEPTANCE POLICY POLICY STATEMENT This Policy represents the policy of [NAME OF NONPROFIT ORGANIZATION] (the "Organization") governing the solicitation and acceptance of corporate gifts. The purpose of this Policy is to provide guidance for the Organization's board, officers, and staff with respect to their responsibilities concerning gifts to the Organization. The provisions of this Policy shall apply to all gifts received by the Organization. Notwithstanding the foregoing, the Organization reserves the right to revise or revoke this Policy at any time, and to make exceptions to the Policy. The mission of the Organization is [DESCRIPTION OF MISSION]. GENERAL POLICY The primary consideration of gift acceptance or solicitation will be the impact of the gift on the Organization. When considering whether to solicit or accept gifts, the Organization will evaluate the following factors: Values: whether the acceptance of the gift would compromise any of the core values of the Organization; Compatibility: whether there is compatibility between the intent of the donor and the Organization's use of the gift; Public Relationships: whether acceptance of the gift would damage the reputation of the Organization; Primary Benefit: whether the primary benefit would be to the Organization, versus the donor; Consistency: whether acceptance of the gift would be consistent with prior practice; Form of Gift: whether the gift is offered in a form that the Organization could use without incurring substantial expense or difficulty; Effect on Future Giving: whether the gift would encourage or discourage future gifts. The Organization shall not accept gifts that: Violate the terms of the Organization's organizational documents; or Would jeopardize the Organization's status as a tax exempt organization under federal and state law. DEFINITION OF GIFT A gift is defined as a voluntary transfer of assets from a person or an organization to the Organization. A gift is an irrevocable transfer of assets, motivated by charitable intent. Gifts are not generally subject to an exchange of consideration or other contractual duties between the Organization and the donor, except for certain split-interest gifts, as set out in this Policy, although objectives may be stated, and funds may be restricted to a specific purpose. A gift is not completed until it has been accepted by the Organization. APPROVAL OF GIFTS Subject to the clauses of this Policy, all final decisions on the acceptance or refusal of a gift shall be made by the [BOARD OF DIRECTORS/GIFT ACCEPTANCE COMMITTEE/EXECUTIVE COMMITTEE/OTHER BODY] ("Executive Committee"). USE OF LEGAL COUNSEL The Organization will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. Review by counsel is recommended for: Gifts of securities that are subject to restrictions or buy-sell agreements. Documents naming the Organization as trustee or requiring the Organization to act in any fiduciary capacity. Gifts requiring the Organization to assume financial or other obligations. Transactions with potential conflicts of interest. Gifts of property which may be subject to environmental or other regulatory restrictions. GIFTS GENERALLY ACCEPTED WITHOUT REVIEW Cash. Cash gifts are acceptable in any form, including by check, money order, credit card, or on-line. Donors wishing to make a gift by credit card must provide the card type (e.g., Visa, MasterCard, American Express), card number, expiration date, and name of the card holder as it appears on the credit card. Marketable Securities. Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor's endorsement or signed stock power (with appropriate signature guarantees) attached. All marketable securities will be sold promptly upon receipt unless otherwise directed by the Organization's Investment Committee. In some cases, marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances, the decision whether to accept the restricted securities shall be made by the Executive Committee. Bequests and Beneficiary Designations under Revocable Trusts, Life Insurance Policies, Commercial Annuities and Retirement Plans
