The Humane Society of Tampa Bay Gift Acceptance Policies and Guidelines

Size: px
Start display at page:

Download "The Humane Society of Tampa Bay Gift Acceptance Policies and Guidelines"

Transcription

1 The Humane Society of Tampa Bay Gift Acceptance Policies and Guidelines The Humane Society of Tampa Bay, a non-profit organization organized under the laws of the State of Florida, encourages the solicitation and acceptance of gifts to the Humane Society of Tampa Bay (hereinafter referred to as HSTB) for purposes that will help HSTB to further and fulfill its mission. The Humane Society of Tampa Bay is dedicated to ending animal homelessness and providing care and comfort for companion animals in need. The following policies and guidelines govern acceptance of gifts to HSTB or for the benefit of any of its programs. Purpose of Policies and Guidelines The Board of Directors of HSTB and its staff solicit current and deferred gifts from individuals, corporations, and foundations to secure the future growth and mission of HSTB. It is the purpose of these policies and guidelines to govern the acceptance of gifts by HSTB and to provide guidance to prospective donors and their advisors when making gifts to HSTB. The provisions of these policies shall apply to all gifts received by HSTB for any of its programs or services. Use of Legal Counsel HSTB shall seek the advice of legal counsel in matters relating to acceptance of gifts where appropriate. Review by counsel is recommended for: Review of closely held stock transfer that are subject to restrictions or buy-sell agreements Review of documents naming HSTB as Trustee Review of all gifts involving contracts or documents requiring HSTB to assume an obligation. Review of all transactions with potential conflict of interest that may invoke IRS sanctions Such other instances in which use of counsel is deemed appropriate by the Planned Giving Council Conflict of Interest 1

2 All prospective donors shall be strongly urged to seek the assistance of personal legal and financial advisors in matters relating to their gifts and the resulting tax and estate planning consequences. Restrictions on Gifts HSTB will accept unrestricted gifts and gifts for specific programs and purposes provided that such gifts are not inconsistent with the stated mission and purposes. HSTB will not accept gifts that are too restrictive in purpose. Gifts that are too restrictive are those that violate the by laws of the organization, gifts that are too difficult to administer, or gifts that are for purposes outside the mission of HSTB. All final decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Board of Directors after review by the Planned Giving Council. Any gifts involving the creation of permanent endowments and/or naming opportunities must meet certain minimum funding criteria and be approved by the Planned Giving Council. All such gifts must involve a letter of agreement signed by HSTB and the donor. The Planned Giving Council shall consist of: The President of the Board of Directors One member of the Finance committee of HSTB One member of the Development committee of HSTB Members of the Advisory Board Professionals in similar industries who wish to volunteer their time to assist HSTB The Planned Giving Council will make themselves available to review all gifts made to HSTB, particularly screening gifts that are determined by the staff to be questionable, and make recommendations to the Board of Directors on gift acceptance issues where appropriate. Members of the Planned Giving Council will be appointed by the Board of Directors and may resign at any time with notice to President of the Board of Directors. Types of Gifts The following gifts are acceptable: 1. Cash is acceptable in any form and regardless of the amount. Checks shall be made payable to the Humane Society of Tampa Bay and shall be delivered to the Director of Development. Checks shall in no case be made payable to an employee, agent or volunteer for the credit of HSTB. When requested, the Director of Development will give wire transfer instructions to a donor. Credit Card gifts are accepted in writing or over the phone. The donor will be credited with the full amount of his or her cash donation. Donors whose gifts are matched by a company will receive credit for the matching amount. 2. Pledges for large cash donations are acceptable in up to five year interims. Five year pledges for general operating expenses will entitle the donor to be part of the Animal Friend Sustainers Circle. Pledges are accepted for restricted purposes provided the restriction is within the mission of the Humane Society. Pledges of over five years for significant donations will be considered 2

3 on a case by case basis. Pledges are considered contracts and claims will be made to the estate of the person who made the pledge to fulfill the contract. 3. Tangible Personal Property will only be accepted if it is marketable, fulfills the mission of HSTB, has no undue restrictions on use, display or sale of property, and does not have excessive carrying costs associated with it. The final determination on acceptance of tangible property gifts shall be made by the Staff in conjunction with the Planned Giving Council and the Board of Directors. 4. Securities: HSTB will accept any marketable securities transferred to an account maintained at one or more brokerage firms or delivered physically with the transferor s signature or stock power attached. As a general rule, all marketable securities will be sold upon receipt unless otherwise directed by the Finance Committee. In some cases marketable securities may be restricted by applicable securities laws; in such instance the final determination on acceptance of the restricted securities shall be made by the Board of Directors after review by the Planned Giving Council. Closely held securities, which include not only debt and equity positions in non-publicly traded companies but also interests in LLP and LLCs and other ownership forms, can be accepted subject to the approval of the Board of Directors, Planned Giving Council and legal counsel where necessary. 5. Real Property gifts may include developed property, undeveloped property, or gifts subject to a prior life interest. Prior to acceptance of real estate, HSTB shall require an initial environmental review of property to insure that the property is not contaminated with environmental damage. In the event that the initial inspection reveals a potential problem, HSTB shall retain a qualified inspection firm to conduct an environmental audit. The cost of the environmental audit shall generally be an expense of the donor. Where appropriate, a title binder shall be obtained by HSTB prior to the acceptance of the real property gift. The cost of this title binder shall generally be an expense of the donor. Prior to acceptance of the real property, the gift shall be approved by the Board of Directors, the Planned Giving Council and by HSTB s legal council. Criteria for acceptance shall include: usefulness to HSTB, marketability, carrying costs, environmental audit and restrictions on the gift. 6. Remainder Interest in Real Estate will be accepted subject to the provisions in paragraph 4 above. The donor or other occupants may continue to occupy the real property for the duration of the stated life. At the death of the donor, HSTB may use the property or reduce it to cash. Where HSTB receives a gift of a remainder interest, expenses for maintenance, real estate taxes, and any property indebtedness are to be paid by the donor or primary beneficiary. 7. Oil, Gas and Mineral Interests will be accepted by HSTB provided the value is $20,000 or greater, the interest generated is at least $3,000 per year in royalties or other income, the property does not have extended liabilities or other considerations that make receipt of the gift inappropriate, and the property has undergone an environmental review to ensure it has no current or potential exposure to environmental liability. The Planned Giving Council and 3

4 the Board of Directors must approve before acceptance of any Oil, Gas and Mineral Interest. 8. Life Insurance gifts must name HSTB as both beneficiary and irrevocable owner of the insurance policy. The gift is valued at its cash surrender value upon receipt. If the donor contributes future premium payments, HSTB will include the entire amount of the additional premium payment as a gift in the year that it is made. If the donor does not elect to continue to make gifts to cover premium payments on the life insurance policy, HSTB shall have the authority to continue to pay the premiums, convert the policy to paid-up insurance or surrender the policy for its current cash value. 9. Charitable Trusts (Charitable Remainder Trusts, Charitable Lead Trusts, Charitable Remainder Unitrusts): HSTB will accept designation as Beneficiary of a Charitable Trust, but will not accept appointment as Trustee of the trust. The Planned Giving Council will review all Charitable Trust documents designating HSTB as beneficiary. 10. Retirement Plan Beneficiary Designations: Donors and supporters of HSTB shall be encouraged to name HSTB as beneficiary of their retirement plans (including 401K, Keogh, IRAs and Roth IRAs). Such designations shall not be recorded as gifts to HSTB until the gift is irrevocable. Where the gift is irrevocable, but is not due until a future date, the present value of that gift may be recorded at the time the gift becomes irrevocable. 11. Bequests: Donors and supporters of HSTB shall be encouraged to make bequests to HSTB under their wills and trusts. Such bequests shall not be recorded as gifts to HSTB until such time as they gift is irrevocable. Where the gift is irrevocable, but is not due until a future date, the present value of that gift may be recorded at the time the gift becomes irrevocable. 12. Life Insurance Beneficiary Designations: Donors and supporters of HSTB shall be encouraged to name HSTB as beneficiary or contingent beneficiary of their life insurance policies. Such designations shall not be recorded as gifts to HSTB until such time as the gift is irrevocable. Where the gift is irrevocable, but is not due until a future date, the present value of that gift may be recorded at the time the gift becomes irrevocable. 13. Other Property of any description including mortgages, notes, copyrights, royalties and easements, whether real or personal, shall only be accepted by action of the Board of Directors and Planned Giving Council. 14. Pooled Income Fund: HSTB does not at present offer a Pooled Income Fund 15. Charitable Gift Annuities: HSTB does not at present offer Charitable Gift Annuities. 16. Limited Partnerships: HSTB will not accept interests in Limited Partnerships. Payment of Fees Related to Gift A. Finder s Fees or Commission HSTB will not pay fees to any person as consideration for directing a gift to HSTB. It is understood that such fees may or may not be legal and that in the case of irrevocable deferred gifts that 4

5 involve management of assets, the payment of such fee may subject HSTB and its management to federal and state security regulation. B. HSTB may pay reasonable fees for profession services rendered in connection with a completed gift accepted by HSTB. Such fees will be paid only with prior written approval of the Board of Directors. Fees must be reasonable and directly related to the completion of the gift and be limited to 1) appraisal fees by person who are competent and qualified to appraise the property involve and have no conflict of interest, 2) legal fees for the preparation of documents and analysis of tax implications, and 3) accounting fees incidents to the transaction. Gift Prohibitions HSTB will not contract with any organization involved directly with the manufacture, distribution or sales of the following industries: breeders, organizations that are involved in the exploitation of animals, furriers, and pornography. Third Party Fundraising Many organizations and individuals seek to raise fund or provide materials on behalf of HSTB. They often wish to sell a product or service and donate a portion of the funds to HSTB. HSTB appreciates these efforts and encourages both organizations and individuals to engage in Third Party Fundraising as long as the activity is in line with our mission statement. If assistance of any kind is needed from HSTB, organizations or individuals should submit a Contract for Third Party Special Events to our Special Events Department. Pledge Gift Policies Pledges must be in writing, signed by the donor, and including the following information: Amount of gift in dollars Schedule of gift payments, indicating specific months or quarters of each year For what purpose the gift is intended What the donor will receive in return for the gift Pledges are considered contracts and claims will be made to the estate of the person who made the pledge to fulfill the contract. Five year pledges of over $1,000 per year to general operating expenses entitle the donor to be a member of the Animal Friends Sustainers Circle. In addition pledges are accepted for restricted purposes provided the restriction is within the mission of the Humane Society. Pledges of over five years for significant donations will be considered on a case by case basis. Collection of Pledges The Development Officer will review outstanding pledges on a bi-annual basis. Pledges will be considered past due after one year of inactivity. After approval of the Executive Director, pledges which are deemed un-collectible will be written-off. Any pledge over $25,000 will need approval of the Finance Committee. 5

6 Public Recognition Public Recognition for gifts to HSTB will be based on the Donor Recognition Matrix and will occur after HSTB receives a gift from a donor, unless the Director of Development is directed otherwise. Donors are requested to advise at the time of the gift if they request to remain anonymous. Miscellaneous Provisions A. Securing appraisals and legal fees for gifts to HSTB shall be the responsibility of the donor to secure. B. The Humane Society of Tampa Bay will record the valuation or the gift received for development purposes on the date of the gift. C. Acknowledgement of all gifts made to HSTB and compliance with the current IRS requirements in acknowledgement of such gifts shall be the responsibility of HSTB. Changes to Policies The policies and guidelines of this Gift Acceptance Policy have been reviewed and accepted by the Humane Society of Tampa Bay Board of Directors and Planned Giving Council. All changes to and deviation from these policies will be approved by both committees. Approved by the Board of Directors Humane Society of Tampa Bay April 30,

Ferris Foundation Gift Acceptance Policies and Guidelines Updated September 15, 2014

Ferris Foundation Gift Acceptance Policies and Guidelines Updated September 15, 2014 Ferris Foundation Gift Acceptance Policies and Guidelines Updated September 15, 2014 The Ferris Foundation, a private nonprofit corporation existing under and by virtue of the Michigan Nonprofit Corporation

More information

WOMEN EMPLOYED GIFT ACCEPTANCE POLICY

WOMEN EMPLOYED GIFT ACCEPTANCE POLICY WOMEN EMPLOYED GIFT ACCEPTANCE POLICY I. Purpose of Policy The Board of Directors, staff, and volunteers solicit current and deferred gifts from individuals, corporations, and foundations to further Women

More information

GIFT ACCEPTANCE POLICY

GIFT ACCEPTANCE POLICY GIFT ACCEPTANCE POLICY U.S. Masters Swimming, Inc. (USMS), a not for profit organization organized under the laws of the State of Ohio, encourages the solicitation and acceptance of gifts to the USMS,

More information

SAMPLE GIFT ACCEPTANCE POLICIES

SAMPLE GIFT ACCEPTANCE POLICIES SAMPLE GIFT ACCEPTANCE POLICIES ABC Charity, a nonprofit organization headquartered in City, State, encourages the solicitation and acceptance of gifts to ABC Charity (hereinafter referred to as ABC) for

More information

Millersville University Foundation Gift Acceptance Policy

Millersville University Foundation Gift Acceptance Policy Accepted: November 9, 1999 Revised: February 2014 Millersville University Foundation Gift Acceptance Policy Policy Statement Millersville University and the Millersville University Foundation strongly

More information

c. Restricted Gifts for Existing Activities. A gift, other than an in-kind gift, may be restricted to an existing activity, purpose, or mission of

c. Restricted Gifts for Existing Activities. A gift, other than an in-kind gift, may be restricted to an existing activity, purpose, or mission of The mission of is to share the love and grace of Jesus Christ with all people and to invite them to fullness of faith in God. 1. Purpose of the Policy a. To create and sustain positive donor relationships

More information

GIFT ACCEPTANCE POLICY

GIFT ACCEPTANCE POLICY GIFT ACCEPTANCE POLICY Nutrition Science Initiative, a California public benefit corporation ("NuSI") located in San Diego, California, encourages the solicitation and acceptance of gifts to NuSI for purposes

More information

Gift acceptance policy

Gift acceptance policy Gift acceptance policy Gift Acceptance Policy Introduction The LSU Foundation is a private, not-for-profit entity organized under the laws of the State of Louisiana (hereinafter referred to as the Foundation

More information

GIFT ACCEPTANCE POLICY COMPASSPOINT

GIFT ACCEPTANCE POLICY COMPASSPOINT Grantee charities may find that adoption and implementation of a Gift Acceptance Policy will provides reassurance to grantors. In any event, the charity will want to review these policies carefully and

More information

GEORGE C. MARSHALL FOUNDATION GIFT ACCEPTANCE POLICIES

GEORGE C. MARSHALL FOUNDATION GIFT ACCEPTANCE POLICIES GEORGE C. MARSHALL FOUNDATION GIFT ACCEPTANCE POLICIES The George C. Foundation (herein referred to as the Foundation ), a nonprofit organization headquartered in Lexington, VA, encourages the solicitation

More information

Bucks County Community College Foundation Gift Acceptance Policy

Bucks County Community College Foundation Gift Acceptance Policy Bucks County Community College Foundation Gift Acceptance Policy Introduction The Bucks County Community College Foundation (hereinafter referred to as the Foundation), a not-for-profit, independent 501(c)(3)

More information

Gift Acceptance and Administration Policy LIGHTHOUSE OF PINELLAS FOUNDATION, INC.

Gift Acceptance and Administration Policy LIGHTHOUSE OF PINELLAS FOUNDATION, INC. LIGHTHOUSE OF PINELLAS FOUNDATION, INC. Contents I. INTRODUCTION... 2 A. Mission... 2 B. Purpose of... 2 C. Administrative Responsibility... 2 D. Ethical Standards... 2 1. NCPG and AFP Guidelines... 2

More information

GIFT ACCEPTANCE POLICIES

GIFT ACCEPTANCE POLICIES GIFT ACCEPTANCE POLICIES The Montana Community Foundation (MCF) solicits and accepts outright gifts with income dedicated immediately to the charitable needs of the community, planned gifts with split

More information

Unitarian Universalist Church of the North Hills (UUCNH) Title: Gift Acceptance Policy Effective date: 1-9-2014

Unitarian Universalist Church of the North Hills (UUCNH) Title: Gift Acceptance Policy Effective date: 1-9-2014 Unitarian Universalist Church of the North Hills (UUCNH) Title: Gift Acceptance Policy Effective date: 1-9-2014 Purpose This policy is designed to provide guidance to the UUCNH community so as to facilitate

More information

UNIVERSITY OF CENTRAL MISSOURI FOUNDATION GIFT ACCEPTANCE POLICY

UNIVERSITY OF CENTRAL MISSOURI FOUNDATION GIFT ACCEPTANCE POLICY UNIVERSITY OF CENTRAL MISSOURI FOUNDATION GIFT ACCEPTANCE POLICY I. PURPOSE The University of Central Missouri Foundation ( Foundation ) will actively solicit current and deferred gifts from individuals,

More information

Columbus Metropolitan Library Foundation Gift Acceptance Policy. Introduction

Columbus Metropolitan Library Foundation Gift Acceptance Policy. Introduction Columbus Metropolitan Library Foundation Gift Acceptance Policy Introduction Columbus Metropolitan Library Foundation (the Foundation ) is an organization recognized as exempt from federal income taxation

More information

Tampa Hillsborough Action Plan Gift Acceptance Procedures

Tampa Hillsborough Action Plan Gift Acceptance Procedures Tampa Hillsborough Action Plan Gift Acceptance Procedures Purpose The purpose of these procedures is to implement the Gift Acceptance Policy adopted by the Board of Directors of Tampa Hillsborough Action

More information

LONG BEACH ROTARY SCHOLARSHIP FOUNDATION GIFT ACCEPTANCE POLICY

LONG BEACH ROTARY SCHOLARSHIP FOUNDATION GIFT ACCEPTANCE POLICY Approved by the Board of Directors on 6/1/11 LONG BEACH ROTARY SCHOLARSHIP FOUNDATION GIFT ACCEPTANCE POLICY To ensure compliance with applicable legal and fiduciary requirements and to provide guidance

More information

Counting and Reporting Policy for the Comprehensive Campaign July 1, 2012 through June 30, 2017

Counting and Reporting Policy for the Comprehensive Campaign July 1, 2012 through June 30, 2017 Counting and Reporting Policy for the Comprehensive Campaign July 1, 2012 through June 30, 2017 Table of Contents: Overview 4 Purpose 4 Counting and Reporting Methodology 5 Outright Gifts 6 Assignments

More information

Executive Summary Planned Giving and Endowment Policies (For Donors and Donors Advisors)

Executive Summary Planned Giving and Endowment Policies (For Donors and Donors Advisors) Appendix B Authority for Gift Acceptance Policies Executive Summary Planned Giving and Endowment Policies (For Donors and Donors Advisors) Independence Institute encourages and solicits outright and deferred

More information

Gift Acceptance Policy

Gift Acceptance Policy Gift Acceptance Policy Purpose The purpose of this Gift Acceptance Policy is to establish the guidelines according to which the Catholic Community Foundation of Los Angeles (the Foundation ) accepts gifts

More information

Development Policies and Procedures. Fundraising Policies and Procedures

Development Policies and Procedures. Fundraising Policies and Procedures Development Policies and Procedures Purpose: The purpose of this policy is to: Establish procedures for all fundraising on behalf of Habitat for Humanity of Greater Baton Rouge(HFHGBR) Establish guidelines

More information

Sample Gift Acceptance Policy

Sample Gift Acceptance Policy Introduction Sample Gift Acceptance Policy In order to protect the interests of (organization name) and the persons and other entities that support its programs these policies are designed to assure that

More information

ENDOWMENT FUND POLICIES AND GUIDELINES

ENDOWMENT FUND POLICIES AND GUIDELINES ENDOWMENT FUND POLICIES AND GUIDELINES FOR ST. GEORGE EPISCOPAL CHURCH THE VILLAGES, FLORIDA SECTION A Investment Policy Statement 1 2 3 4 5 6 7 8 9 10 11 12 13 Purpose This Investment Policy Statement

More information

AGE of Central Texas Gift Acceptance Policy and Procedure

AGE of Central Texas Gift Acceptance Policy and Procedure AGE of Central Texas Gift Acceptance Policy and Procedure AGE of Central Texas (legal name: Austin Groups for the Elderly) welcomes outright gifts and future gift commitments that are consistent with its

More information

Gift Acceptance Policy Manual

Gift Acceptance Policy Manual Kairos Prison Ministry International, Inc. Gift Acceptance Policy Manual Mission Statement The mission of the Kairos Prison Ministry International, Inc. is to bring Christ s love and forgiveness to all

More information

Gift Acceptance and Administration Policy

Gift Acceptance and Administration Policy (INSERT NAME OF ORGANIZATION HERE) Page 1 of 16 Table of Contents I. INTRODUCTION...3 a. Mission...3 b. Purpose of...3 c. Administrative Responsibility...3 d. Ethical Standards...3 i. NCPG and AFP Guidelines...3

More information

SAMPLE Gift Acceptance Policies and Procedures for Annual Fundraising

SAMPLE Gift Acceptance Policies and Procedures for Annual Fundraising SAMPLE Gift Acceptance Policies and Procedures for Annual Fundraising A. Cash Gifts and Pledges 1. Unrestricted Gifts of Cash Gifts given without restriction on the use of the gift. a) Unrestricted gifts

More information

Cash, Checks, or Credit Cards

Cash, Checks, or Credit Cards Cash, Checks, or Credit Cards The value of any cash gift is the face value of the check or cash. Checks shall be made payable to Embry-Riddle Aeronautical University, ERAU, or such other names under which

More information

FINANCIAL MANAGEMENT POLICIES AND PROCEDURES

FINANCIAL MANAGEMENT POLICIES AND PROCEDURES FINANCIAL MANAGEMENT POLICIES AND PROCEDURES 1. GENERAL PURPOSE The purpose of these policies is to establish guidelines for developing financial goals and objectives, making financial decisions, reporting

More information

Ridgefield Library Gift Acceptance Policy

Ridgefield Library Gift Acceptance Policy Ridgefield Library Purpose The purpose of this ( this Policy ) is to give guidance and counsel to those individuals within the Ridgefield Library ( the Library ) concerned with the planning, promotion,

More information

THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE

THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE THE UNIVERSITY CORPORATION, SAN FRANCISCO STATE GIFT ACCEPTANCE POLICY Issued: Revision: January 2016 BACKGROUND The purpose of this policy is to outline the process for the review and acceptance of gifts

More information

COMMUNITY FOUNDATION OF ANNE ARUNDEL COUNTY GIFT AND FUND ACCEPTANCE POLICY

COMMUNITY FOUNDATION OF ANNE ARUNDEL COUNTY GIFT AND FUND ACCEPTANCE POLICY About This Policy COMMUNITY FOUNDATION OF ANNE ARUNDEL COUNTY GIFT AND FUND ACCEPTANCE POLICY The purpose of this policy is to establish criteria for accepting gifts to Community Foundation of Anne Arundel

More information

Gift Acceptance Policy. V. Types of Gifts and Authority and Procedures with Respect to Acceptance by the Foundation

Gift Acceptance Policy. V. Types of Gifts and Authority and Procedures with Respect to Acceptance by the Foundation Page 1 of 15 Gift Acceptance Policy I. Purpose II. Payment of Fees Related to Gifts to the Foundation III. Definitions IV. Gift Review and Acceptance V. Types of Gifts and Authority and Procedures with

More information

EXHIBIT A to Campaign Reporting Standards Policy 09.130

EXHIBIT A to Campaign Reporting Standards Policy 09.130 EXHIBIT A to Campaign Reporting Standards Policy 09.130 UNCW Campaign Counting and Crediting Guidelines The following policies concerning the valuation of gifts closely follow the CASE Campaign Standards.

More information

Sample Financial Policies

Sample Financial Policies This document includes examples of one organization s (disguised as ABC) financial policies related to gift acceptance, expenditures, disbursements and investments. The samples may help other organizations

More information

Temple Israel GIFT ACCEPTANCE POLICY And GUIDELINES

Temple Israel GIFT ACCEPTANCE POLICY And GUIDELINES Temple Israel GIFT ACCEPTANCE POLICY And GUIDELINES Adopted September 21, 2011 Temple Israel 2324 Emerson Avenue South Minneapolis, Minnesota 55405 (612) 377-8680 www.templeisrael.com TABLE OF CONTENTS

More information

GIVE AND YOU SHALL RECEIVE CHARITABLE GIVING, CREATING A PLAN THAT S RIGHT FOR YOU

GIVE AND YOU SHALL RECEIVE CHARITABLE GIVING, CREATING A PLAN THAT S RIGHT FOR YOU GIVE AND YOU SHALL RECEIVE CHARITABLE GIVING, CREATING A PLAN THAT S RIGHT FOR YOU Contents 1 Give and you shall receive 3 Techniques summary 5 Planning for charitable giving NOT FDIC OR NCUA INSURED NOT

More information

Bridgepoint Health Foundation

Bridgepoint Health Foundation POLICY: Gifts to the Foundation must align with the Mission, Vision, Values and priorities of the Foundation and the Hospital. The Foundation reserves the right to decline a gift that does not meet these

More information

OFFICIAL POLICY. Policy Statement

OFFICIAL POLICY. Policy Statement OFFICIAL POLICY 4.2 Gift Acceptance Policy 1/19/16 Policy Statement The College of Charleston encourages the solicitation and acceptance of philanthropic contributions to advance and fulfill the mission

More information

GIFT ACCEPTANCE POLICY

GIFT ACCEPTANCE POLICY INTRODUCTION The University of Vermont and State Agricultural College Foundation, Inc. (the Foundation ) was incorporated as a Vermont nonprofit corporation on March 14, 2011. The Foundation is exempted

More information

SAF Planned Giving Instrument Descriptions and FAQ s

SAF Planned Giving Instrument Descriptions and FAQ s SAF Planned Giving Instrument Descriptions and FAQ s The Society of American Foresters has a number of planned giving instruments available which provide a means for members and their families to financially

More information

GIFT ACCEPTANCE POLICIES

GIFT ACCEPTANCE POLICIES GIFT ACCEPTANCE POLICIES I. PURPOSE OF POLICY AND GUIDELINES The purpose of the Gift Acceptance Policy and Guidelines is to guide the efforts of the Board of Directors of the Daughters of the Nile Foundation,

More information

GIFT REPORTING STANDARDS UA PPS No. 01.03 Issue No. 1 Effective Date: 1/1/2008 Review: 1/1/E3Y 01. PRINCIPLES OF GIFT REPORTING. 01.01.

GIFT REPORTING STANDARDS UA PPS No. 01.03 Issue No. 1 Effective Date: 1/1/2008 Review: 1/1/E3Y 01. PRINCIPLES OF GIFT REPORTING. 01.01. GIFT REPORTING STANDARDS UA PPS No. 01.03 Issue No. 1 Effective Date: 1/1/2008 Review: 1/1/E3Y 01. PRINCIPLES OF GIFT REPORTING 01.01. Types of Gifts Gifts to Texas State University-San Marcos (Texas State)

More information

SECTION 21 - DEFERRED GIVING PROGRAM

SECTION 21 - DEFERRED GIVING PROGRAM SECTION 21 - DEFERRED GIVING PROGRAM Policy Sequence 21-000 1 This page intentionally left blank. 2 Introduction In keeping with the long term objectives of the University, it is the policy of the Board

More information

CRT with assets that, if sold by you, would generate a long-term capital gain, your CHARITABLE REMAINDERTRUSTS

CRT with assets that, if sold by you, would generate a long-term capital gain, your CHARITABLE REMAINDERTRUSTS The Charitable Remainder Unitrust CRT ) can be an effective means for diversifying highly appreciated assets while avoiding or postponing capital gains tax, increasing cash flow during your lifetime, obtaining

More information

Next Plateau Consulting LLC December, 2008

Next Plateau Consulting LLC December, 2008 Next Plateau Consulting LLC Frank Washelesky 455 N. Cityfront Plaza Dr. NBC Tower - Suite 2600 Chicago, IL 60611-5379 312-670-0500 fwashelesky@next-plateau.com www.next-plateau.com Charitable Giving Page

More information

Terms and Conditions for Component Funds of The Community Foundation for the National Capital Region

Terms and Conditions for Component Funds of The Community Foundation for the National Capital Region Terms and Conditions for Component Funds of The Community Foundation for the National Capital Region The Community Foundation has developed the following Terms and Conditions pertaining to the administration

More information

GIFT ACCEPTANCE POLICY

GIFT ACCEPTANCE POLICY GIFT ACCEPTANCE POLICY Revision Approved: April 2014, President s Cabinet Related Policies: Smith College Endowment Investment Policy Statement (approved October 2009) Named Endowed Fund Gift Levels (approved

More information

FLORIDA ATLANTIC UNIVERSITY FOUNDATION, INC. Fundraising Policies

FLORIDA ATLANTIC UNIVERSITY FOUNDATION, INC. Fundraising Policies FLORIDA ATLANTIC UNIVERSITY FOUNDATION, INC. Fundraising Policies SECTION 1 GIFT ACCEPTANCE POLICY AND GUIDELINES SECTION 2 GIFT COUNTING AND CREDITING GUIDELINES SECTION 3 GIFT NAMING OPPORTUNITIES SECTION

More information

GIFT ACCEPTANCE POLICY

GIFT ACCEPTANCE POLICY GIFT ACCEPTANCE POLICY INTRODUCTION This policy (the Policy ) is designed to assure that all gifts to, or for the use of, Grinnell College are structured to benefit Grinnell College while ensuring fidelity

More information

Methods of Giving. Create Your Texas A&M Legacy GIVING

Methods of Giving. Create Your Texas A&M Legacy GIVING Methods of Giving Create Your Texas A&M Legacy GIVING What is the Texas A&M Foundation? Founded in 1953, the Texas A&M Foundation is a nonprofit organization that encourages major gifts and manages endowments

More information

Gifts to the Foundation or Endowed Gifts Help ensure that the residents of St. Mary s Home will continue

Gifts to the Foundation or Endowed Gifts Help ensure that the residents of St. Mary s Home will continue Gifts to the Foundation or Endowed Gifts Help ensure that the residents of will continue to receive the comprehensive care they need, long into the future. Your gift to either Foundation or an endowed

More information

GIFT ACCEPTANCE POLICY

GIFT ACCEPTANCE POLICY Doc 21-1 Page 1 of 16 GIFT ACCEPTANCE POLICY Revised: Board Approval Date: December 13, 2013 Revised: Donor Engagement & Gift Planning Committee Approval Date: November 19, 2013 Approved: November 8, 2011

More information

A Guide to Planned Giving. your Mills your legacy

A Guide to Planned Giving. your Mills your legacy A Guide to Planned Giving your Mills your legacy MILLS COLLEGE, a thriving liberal arts college for women with graduate programs for women and men, is a very special institution. Since Mills founding in

More information

Donor-Advised Fund. Policies and Guidelines

Donor-Advised Fund. Policies and Guidelines Donor-Advised Fund Policies and Guidelines New Jersey Health Charitable Gift Fund 120 Albany Street Tower II, Suite 850 New Brunswick, NJ 08901 (908) 315-5870 Introduction Thank you for your interest in

More information

Examples of Split-Interest Agreements

Examples of Split-Interest Agreements Examples of Split-Interest Agreements Many kinds of split-interest agreements have been developed. The examples in this section demonstrate how the recognition and measurement principles apply to some

More information

Fundraising Policies Suite Special Olympics Ontario

Fundraising Policies Suite Special Olympics Ontario Fundraising Policies Suite Special Olympics Ontario SOO Fundraising Policies Suite Page 1 Table of Contents Introduction... 1 Ethical Fundraising... 1 Fundraising Solicitations... 1 Treatment of Donors

More information

University of West Florida Foundation Gift Acceptance General Policy

University of West Florida Foundation Gift Acceptance General Policy Overview: University of West Florida Foundation Gift Acceptance General Policy The University of West Florida Foundation, Inc. (Foundation) is a tax-exempt entity receiving charitable gifts for the benefit

More information

This policy applies to all departments and individuals involved in the Campaign for Carleton.

This policy applies to all departments and individuals involved in the Campaign for Carleton. Policy Name: Originating/Responsible Department: Approval Authority: Date of Original Policy: Last Updated: March 2010 Campaign Policy University Advancement Senior Management Committee Mandatory Revision

More information

CHARITABLE GIVING: DOING WELL BY DOING GOOD AND THE LAWYER S ROLE IN THE CHARITABLE GIVING PROCESS

CHARITABLE GIVING: DOING WELL BY DOING GOOD AND THE LAWYER S ROLE IN THE CHARITABLE GIVING PROCESS CHARITABLE GIVING: DOING WELL BY DOING GOOD AND THE LAWYER S ROLE IN THE CHARITABLE GIVING PROCESS James C. Provenza, J.D., CPA Attorney At Law Chicago phone: 847-729-3939 Rockford phone: 815-298-0664

More information

INDEX 546 / THE COMPLETE GUIDE TO PLANNED GIVING

INDEX 546 / THE COMPLETE GUIDE TO PLANNED GIVING INDEX This index is nonconventional in that I added items that are not included in this book. Maybe they will get into the next edition. However, I didn t want my readers to go crazy searching for things

More information

Investment Objectives and Management

Investment Objectives and Management DISCLOSURE STATEMENT DESERET POOLED INCOME FUND The Corporation of the President of the Church of Jesus Christ of Latter-day Saints (the "Church") has created the Deseret Pooled Income Fund, (the "Fund")

More information

THE CAMPAIGN FOR UT CAMPAIGN COUNTING GUIDELINES

THE CAMPAIGN FOR UT CAMPAIGN COUNTING GUIDELINES THE CAMPAIGN FOR UT CAMPAIGN COUNTING GUIDELINES 1) CURRENT GIFTS & MATCHING GIFTS 2 2) PLEDGES 3 3) PLANNED GIFTS 4 a) BEQUEST EXPECTANCIES 4 b) IRREVOCABLE LIFE INCOME (SPLIT INTEREST) GIFTS 5 c) CHARITABLE

More information

THE UNIVERSITY OF NORTH CAROLINA COASTAL STUDIES INSTITUTE AND INSTITUTE FOUNDATION, INC. GIFT ACCEPTANCE POLICY

THE UNIVERSITY OF NORTH CAROLINA COASTAL STUDIES INSTITUTE AND INSTITUTE FOUNDATION, INC. GIFT ACCEPTANCE POLICY THE UNIVERSITY OF NORTH CAROLINA COASTAL STUDIES INSTITUTE AND THE UNIVERSITY OF NORTH CAROLINA COASTAL STUDIES INSTITUTE FOUNDATION, INC. GIFT ACCEPTANCE POLICY NOVEMBER 2010 1 Introduction The purpose

More information

Donations to BenefAction will be considered part of the philanthropic support for BenefAction and no finder s fees or commissions will be paid.

Donations to BenefAction will be considered part of the philanthropic support for BenefAction and no finder s fees or commissions will be paid. General Policy BenefAction encourages and solicits gifts of cash, and other personal property as described herein, either as outright gifts or through donor-advised funds or other planned giving vehicles

More information

ENDOWMENT GIVING ESSENTIALS

ENDOWMENT GIVING ESSENTIALS ENDOWMENT GIVING ESSENTIALS Long Beach, CA 8 November 2014 Don Hill Don Hill Consulting Lynne Hansen United Church Funds Our Mission Our mission Invest responsibly. Strengthen ministry. United Church Funds

More information

Charitable Giving. 2012 Page 1 of 7, see disclaimer on final page

Charitable Giving. 2012 Page 1 of 7, see disclaimer on final page Charitable Giving 2012 Page 1 of 7, see disclaimer on final page By leaving money to charity when you die, the full amount of your charitable gift may be deducted from the value of your taxable estate.

More information

Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance

Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance A gift of life insurance can represent a substantial future gift to a favorite charity at relatively little cost to you. Table of

More information

Charitable {Giving Guide

Charitable {Giving Guide Charitable {Giving Guide Ways to Give There are many ways to make a charitable contribution. This summary highlights some of the most popular charitable giving options, including gifts of stock, bequests,

More information

Real Estate Gifts. Major and Planned Gifts Fact Sheets

Real Estate Gifts. Major and Planned Gifts Fact Sheets Real Estate Gifts A primary residence, vacation home, farm, or undeveloped lot often represents a major asset that may be used to make a substantial charitable gift. Particularly in the case of greatly

More information

ANDERSON UNIVERSITY INVESTMENT POLICY

ANDERSON UNIVERSITY INVESTMENT POLICY ANDERSON UNIVERSITY INVESTMENT POLICY I. General Investment Objectives A. The primary objective for investment of all funds of the university is to provide an adequate flow of resources sufficient to meet

More information

1. The organization mission or most significant activities that you wish to highlight this year:

1. The organization mission or most significant activities that you wish to highlight this year: Form 990 Questionnaire For All Organizations Core Form Heading & Pt I Summary 1. The organization mission or most significant activities that you wish to highlight this year: 2. Total number of volunteers

More information

Gift Acceptance Policy

Gift Acceptance Policy Gift Acceptance Policy Table of Contents I. Purpose of Gift Acceptance Policy................................... 1 II. Definitions...................................................... 1 III. General Policies................................................

More information

In limited circumstances, gifts may be made directly to the University on or after January 1, 2012 in accordance with the terms of this policy.

In limited circumstances, gifts may be made directly to the University on or after January 1, 2012 in accordance with the terms of this policy. Policy V. 4.7.1 Responsible Official: Vice President for Finance and Treasurer Effective Date: March 11, 2013 Policy Statement It is important that the University of Vermont has policies and guidelines

More information

Gift Acceptance Policy

Gift Acceptance Policy Gift Acceptance Policy The Rotary Foundaton of Rotary International 1200-EN Contents Mission Statement and Purpose of Gift Acceptance Policy 2 Gift Acceptance Policy for Gifts from Non-U.S. Donors 2 Use

More information

Make a Gift to National Stroke Association

Make a Gift to National Stroke Association Make a Gift to National Stroke Association Your gift today can help further National Stroke Association s mission to reduce the incidence and impact of stroke. If you are in interested in making a charitable

More information

charitable contributions

charitable contributions charitable contributions Your ability to control when and how you make charitable contributions can lower your income tax bill, effectively reducing the actual cost of any gift you make, while fulfilling

More information

Planned Giving Primer

Planned Giving Primer Planned Giving Primer What is Planned Giving? The integration of personal, financial, and estate planning goals with a person s goals for lifetime or testamentary charitable giving. An opportunity for

More information

GIFT ACCEPTANCE POLICY

GIFT ACCEPTANCE POLICY GIFT ACCEPTANCE POLICY HUMBOLDT STATE UNIVERSITY, OFFICE OF UNIVERSITY ADVANCEMENT AND THE HSU ADVANCEMENT FOUNDATION Approved at September 30, 2011 Board Meeting Gift Acceptance Policy Policy Statement

More information

Standard Operating Procedures for Acceptance of Gifts

Standard Operating Procedures for Acceptance of Gifts Standard Operating Procedures for Acceptance of Gifts Authority: Vice Chancellor for University Advancement History: First Issued, March 27, 2008. Revised, September 1, 2010 Related Policies: POL03.00.3,

More information

Succession Plan/Planned Gift Agreement

Succession Plan/Planned Gift Agreement Succession Plan/Planned Gift Agreement succession plan/planned gift agreement Welcome to The Community Foundation family. Thank you for choosing to be a part of The Community Foundation for Greater Atlanta.

More information

SAMPLE FUND DEVELOPMENT POLICIES MANUAL

SAMPLE FUND DEVELOPMENT POLICIES MANUAL TABLE OF CONTENTS Organizational Mission Page Number I. Introduction A. Fund development polices B. Authoritative committee C. Overview of document format II. III. IV. Policies to be included Policy components

More information

wa y s o f g i v i n g that live on Your legacy through planned giving

wa y s o f g i v i n g that live on Your legacy through planned giving wa y s o f g i v i n g that live on Your legacy through planned giving The Birch Society continues a long community tradition of support for New London Hospital throughout the greater Lake Sunapee region.

More information

FUND ACCOUNTING TRAINING

FUND ACCOUNTING TRAINING FUND ACCOUNTING TRAINING Module 5 Endowment and Similar Funds State and Annuity and Life Income Funds The University of Texas System OBJECTIVES The University of Texas System has two state endowment funds:

More information

Life Income and Other Gifts

Life Income and Other Gifts SECTION VI Life Income and Other Gifts Please note that all information contained in this section is provided for the purposes of illustration only and should not be considered a substitute for independent

More information

GIFT ACCEPTANCE POLICIES COMMUNITIES FOUNDATION OF OKLAHOMA

GIFT ACCEPTANCE POLICIES COMMUNITIES FOUNDATION OF OKLAHOMA GIFT ACCEPTANCE POLICIES COMMUNITIES FOUNDATION OF OKLAHOMA The Asset Development program of Communities Foundation of Oklahoma (hereinafter Foundation ) encompasses the solicitation and acceptance of

More information

A Guide to Planned Giving

A Guide to Planned Giving A Guide to Planned Giving Dear Friend of Mosaic, Planned giving provides many benefits for you and Mosaic. There are ways to increase your income now or in the future and save money on taxes. With a planned

More information

Guide to CHRIS Kids Planned Giving: The Shade Tree Society

Guide to CHRIS Kids Planned Giving: The Shade Tree Society Guide to CHRIS Kids Planned Giving: The Shade Tree Society "People have made at least a start at understanding when they plant shade trees under which they know full well they will never sit." - Elton

More information

Ways to Remember Minnesota Veterinary Medical Foundation In Your Estate Plan

Ways to Remember Minnesota Veterinary Medical Foundation In Your Estate Plan Ways to Remember Minnesota Veterinary Medical Foundation In Your Estate Plan The Rewards of Charitable Giving Design a Plan That Fits Your Needs As you confront the challenges of the future, the Minnesota

More information

A Guide to Gift Planning

A Guide to Gift Planning A Guide to Gift Planning G I F T P L A N N I N G A N D P U N A H O U A Guide to Gift Planning G I F T P L A N N I N G A N D P U N A H O U From Generation to Generation Carrie E. Ogami, J.D. Director of

More information

Volunteering. Donor Advised Funds

Volunteering. Donor Advised Funds Test Your Knowledge True or False It is more beneficial to give during your life. Using stock for a charitable gift is always a good idea. Once you transfer your interest in a property to a charity, you

More information

CASE District IV Conference Fort Worth, Texas. March 25, 2013. What true assets does your family possess?

CASE District IV Conference Fort Worth, Texas. March 25, 2013. What true assets does your family possess? HOW TO INITIATE GIFT PLANNING DISCUSSIONS WITH DONORS The Charitable Planning Process CASE District IV Conference Fort Worth, Texas March 25, 2013 Laura Hansen Dean, J.D. Attorney at Law (Texas, Indiana)

More information

Gift Acceptance Procedures

Gift Acceptance Procedures The University of Texas At Dallas Gift Acceptance Procedures June 1, 2006 The University of Texas at Dallas Office of Development P.O. Box 830688, MP13 Richardson, TX 75083-0688 972-883-2295 phone 972-883-2579

More information

Charitable Contribution Primer. Advantage of Lifetime Giving. Testamentary. Lifetime. Section 170 3/17/2015. Estate Tax Deduction

Charitable Contribution Primer. Advantage of Lifetime Giving. Testamentary. Lifetime. Section 170 3/17/2015. Estate Tax Deduction Charitable Contribution Primer Advantage of Lifetime Giving Testamentary Estate Tax Deduction Lifetime Income Tax Deduction Remove from Estate Section 170 Overview of Basic Rules Individual taxpayer Itemized

More information

Standard Operating Procedure Development Last Modified: 8/28/13 Owner: Sr. Director of Devo/Mktg

Standard Operating Procedure Development Last Modified: 8/28/13 Owner: Sr. Director of Devo/Mktg Standard Operating Procedure Development Last Modified: 8/28/13 Owner: Sr. Director of Devo/Mktg GIFT ACCEPTANCE Key Players Sr. Director of Development and Marketing Development Director Gift-in Kind

More information

Planned Giving: When It Is Not All That You Do JAMES K. PHELPS, J.D.,

Planned Giving: When It Is Not All That You Do JAMES K. PHELPS, J.D., Planned Giving: When It Is Not All That You Do THURSDAY, NOVEMBER 19, 2015 JAMES K. PHELPS, J.D., ACFRE PRINCIPAL JKP FUNDRAISING LLC Objectives learn basic components of a planned giving program determine

More information

Diabetes Partnership of Cleveland s Planned Giving Guide

Diabetes Partnership of Cleveland s Planned Giving Guide Diabetes Partnership of Cleveland s Planned Giving Guide Diabetes Partnership of Cleveland s Planned Giving Guide TABLE OF CONTENTS Life Insurance Gifts Page 2 Charitable Gifts of IRAs.Page 3 Charitable

More information

Methods of Giving to the University of Florida

Methods of Giving to the University of Florida Gift Planning Guide Methods of Giving to the University of Florida 4 Cash 5 Appreciated Securities 6 Retirement Plan Assets 7 Charitable Lead Trust 8 Life Income Gifts 10 Real Estate I am pleased to have

More information

Jewish Community Foundation of San Diego. Consolidated Financial Statements and Supplemental Information

Jewish Community Foundation of San Diego. Consolidated Financial Statements and Supplemental Information Jewish Community Foundation of San Diego Consolidated Financial Statements and Supplemental Information Years Ended June 30, 2015 and 2014 Consolidated Financial Statements and Supplemental Information

More information