Gift Acceptance Policy

Gift Acceptance Policy. This organization solicits and accepts gifts that are consistent with its mission, purposes, and priorities. The Board of Directors or its designee shall have the authority to accept or decline any gift in the best interests of the organization. The following types of gifts are generally accepted without review: (a) cash, checks, and credit card contributions; (b) publicly traded securities; (c) bequests and beneficiary designations under revocable wills, trusts, and retirement plans; and (d) charitable gift annuities meeting the organization's minimum funding requirements. The following types of gifts require review and approval by the Gift Acceptance Committee prior to acceptance: (e) real property, including gifts subject to environmental liabilities; (f) closely held or restricted securities; (g) tangible personal property; (h) in-kind gifts and services; (i) life insurance policies; and (j) gifts involving a retained life estate. The organization will not accept gifts that: (i) would result in a violation of the organization's charter, bylaws, or applicable law; (ii) would jeopardize the organization's tax-exempt status; (iii) are too difficult or costly to administer in relation to their value; or (iv) involve unlawful discrimination of any kind. All donors are encouraged to seek independent legal and tax advice before making significant gifts. Gift acknowledgments and tax receipts shall be issued in compliance with IRS requirements under Section 170(f)(8) of the Internal Revenue Code.