Get the free Gift Acceptance Policy Statement - web sbu

St. Bonaventure University Gift Acceptance Policy Statement For Gifts of Real PropertyOriginally Adopted as an Expansion of and an Addition to The Institutional FundRaising Policy as Contained in Section

How to fill out gift acceptance policy statement

How to Fill Out Gift Acceptance Policy Statement:

1. Start by reviewing your organization's current gift acceptance policy, if one exists. Familiarize yourself with its requirements and guidelines.
2. Identify the purpose and goals of your organization's gift acceptance policy statement. This document outlines the principles and guidelines for accepting gifts, ensuring they align with your organization's mission and values.
3. Determine the key sections that need to be included in your gift acceptance policy statement. Common sections may include gift acceptance criteria, types of acceptable gifts, procedures for evaluating and accepting gifts, and any restrictions or limitations.
4. Draft each section of the policy statement, providing clear and concise information. Be specific about the types of gifts that are acceptable, such as cash, securities, real estate, or in-kind donations. Include any limitations or restrictions, such as refusing donations from certain sources or requiring prior approval for certain types of gifts.
5. Consider including a section on gift valuation and acknowledgment. Outline how your organization will determine the value of different types of gifts and how donors will be acknowledged for their contributions.
6. Seek input from relevant stakeholders within your organization, such as board members, legal counsel, and fundraising staff. Incorporate their feedback and make revisions as necessary to ensure the policy is comprehensive and aligns with your organization's needs.
7. Once the policy statement is finalized, ensure it is properly reviewed and approved by the appropriate decision-making authority within your organization. This may involve presenting it to the board of directors or an executive committee for final approval.

Who Needs a Gift Acceptance Policy Statement:

1. Nonprofit organizations: Nonprofits often rely on donations to support their missions. Having a gift acceptance policy statement ensures consistent and transparent practices when it comes to accepting donations.
2. Educational institutions: Schools, colleges, and universities frequently receive donations from alumni, parents, and other supporters. A gift acceptance policy statement helps ensure that these contributions are accepted in line with the institution's values and strategic goals.
3. Foundations: Foundations often receive gifts from individuals, corporations, and other organizations. A well-defined gift acceptance policy statement helps foundations establish clear criteria for accepting donations and ensures that they align with their mission and objectives.

Ultimately, any organization that receives or plans to receive charitable gifts should consider developing a gift acceptance policy statement. This document provides a framework for evaluating and accepting gifts while maintaining transparency, ethical standards, and alignment with the organization's mission and values.

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What is gift acceptance policy statement?

A gift acceptance policy statement is a document outlining an organization's guidelines and procedures for accepting gifts, donations, and sponsorships.

Who is required to file gift acceptance policy statement?

Non-profit organizations and charities are typically required to file a gift acceptance policy statement.

How to fill out gift acceptance policy statement?

To fill out a gift acceptance policy statement, organizations should detail their criteria for accepting gifts, procedures for reviewing and approving donations, and protocols for acknowledging donors.

What is the purpose of gift acceptance policy statement?

The purpose of a gift acceptance policy statement is to ensure transparency, accountability, and consistency in an organization's gift acceptance practices.

What information must be reported on gift acceptance policy statement?

Gift acceptance policy statements should include information on the types of gifts accepted, procedures for reviewing and approving donations, and guidelines for acknowledging donors.