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This document outlines the policies and guidelines for the acceptance of gifts by the Hendricks County Arts Council (HCAC), a nonprofit organization dedicated to engaging the community in the arts. It includes information on the purpose of the policies, the role of legal counsel, conflict of interest, restrictions on gifts, the gift acceptance committee, types of acceptable gifts, and miscellaneous provisions related to gift valuation and IRS compliance.
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How to fill out gift acceptance policy template

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How to fill out gift acceptance policy

01
Start with the purpose statement outlining the need for the gift acceptance policy.
02
Define the types of gifts that are acceptable and unacceptable.
03
Outline the criteria for gift acceptance, such as valuation and alignment with organizational goals.
04
Detail the process for reviewing and approving gifts, including who is responsible.
05
Include guidelines for any required documentation or forms to be filled out.
06
Establish procedures for handling restrictions or conditions attached to gifts.
07
Include a section on how to properly acknowledge and thank donors.
08
Review and update the policy regularly to ensure its relevance and effectiveness.

Who needs gift acceptance policy?

01
Nonprofit organizations looking to manage donations effectively.
02
Any organization that accepts gifts or donations from individuals or corporations.
03
Fundraising departments to ensure compliance and standardization.
04
Board members and executive staff to guide decision-making on gifts.
05
Donors who want assurance their gifts are handled appropriately.

What is Gift Acceptance Policy Form?

The Gift Acceptance Policy is a fillable form in MS Word extension required to be submitted to the required address in order to provide specific info. It must be completed and signed, which may be done manually in hard copy, or using a particular software like PDFfiller. It lets you complete any PDF or Word document directly in your browser, customize it depending on your purposes and put a legally-binding e-signature. Once after completion, user can send the Gift Acceptance Policy to the relevant person, or multiple individuals via email or fax. The editable template is printable too because of PDFfiller feature and options proposed for printing out adjustment. Both in digital and physical appearance, your form will have got neat and professional outlook. It's also possible to turn it into a template for further use, so you don't need to create a new file over and over. You need just to customize the ready document.

Template Gift Acceptance Policy instructions

Before start to fill out Gift Acceptance Policy Word form, ensure that you have prepared enough of required information. It is a important part, as long as errors may cause unpleasant consequences from re-submission of the whole entire and finishing with missing deadlines and even penalties. You should be careful enough filling out the figures. At a glimpse, this task seems to be uncomplicated. Yet, you can easily make a mistake. Some use some sort of a lifehack saving their records in a separate document or a record book and then add this information into document's template. However, try to make all efforts and provide accurate and solid information with your Gift Acceptance Policy .doc form, and check it twice during the process of filling out all the fields. If you find any mistakes later, you can easily make some more amends while using PDFfiller tool without missing deadlines.

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A gift acceptance policy is a set of guidelines established by an organization to define how it will accept and manage gifts, donations, or contributions to ensure compliance with legal and ethical standards.
Organizations that receive gifts or donations, particularly nonprofits and charitable institutions, are typically required to have a gift acceptance policy in place.
To fill out a gift acceptance policy, an organization should outline the types of gifts accepted, the evaluation process, any restrictions, and the approval procedures to be followed before accepting gifts.
The purpose of a gift acceptance policy is to provide clarity and direction on how gifts will be managed, to protect the organization from potential liabilities, and to ensure that gifts align with its mission and values.
Information that must be reported includes the types of gifts that are acceptable, the criteria for acceptance, procedures for evaluation, and any specific restrictions placed on the use of the gifts.
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