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Learn about the gift acceptance guidelines of Spartanburg Philharmonic, governing appropriate donations to support its mission of quality live music education and enrichment.
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A gift acceptance policy outlines the guidelines and criteria for accepting gifts, donations, or contributions to an organization.
Individuals or organizations that receive gifts with significant monetary value typically need to file a gift acceptance policy.
Filling out a gift acceptance policy involves specifying the type of gifts accepted, the process for evaluation and acceptance, and any legal or tax considerations.
The purpose of a gift acceptance policy is to establish a framework for handling gifts in a manner that aligns with the organization's values, compliance, and financial integrity.
The information that must be reported includes the donor's details, gift description, monetary value, conditions of the gift, and how the gift aligns with organizational goals.
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