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GIFT ACCEPTANCE POLICYApproved by the Board of Trustees on February 17, 2023Bigelow Laboratory for Ocean Sciences Gift Acceptance Policy 1 of 13TABLE OF CONTENTS I. INTRODUCTION A. MISSION B. VISION
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How to fill out gift acceptance policyalumni engagement

01
Review the existing gift acceptance policy.
02
Identify the types of gifts the policy should address (e.g., cash, securities, in-kind donations).
03
Define the criteria for accepting gifts (e.g., compliance, alignment with organizational goals).
04
Outline the process for reviewing and approving gifts.
05
Include reporting and documentation requirements for accepted gifts.
06
Set guidelines for the communication of the policy to stakeholders (e.g., alumni, donors).
07
Provide training for staff on the gift acceptance process.
08
Regularly review and update the policy to reflect any changes in laws or institutional needs.

Who needs gift acceptance policyalumni engagement?

01
Alumni relations staff.
02
Development and fundraising teams.
03
Legal and financial advisors.
04
University or institution leadership.
05
Donors and potential contributors.
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The gift acceptance policy for alumni engagement outlines the guidelines and criteria for accepting donations and contributions from alumni, ensuring that the process aligns with the institution's goals and legal regulations.
Typically, any alumni or donor who wishes to make a significant gift to the institution, as well as the administrative staff responsible for managing donations, are required to file under the gift acceptance policy.
To fill out the gift acceptance policy, donors need to provide personal information, details about the donation, its intended use, and any specific conditions associated with the gift.
The purpose of the gift acceptance policy is to ensure that all gifts align with the mission of the institution, manage potential risks associated with donations, and maintain transparency and accountability.
The information that must be reported includes the donor's name, the value of the gift, the intended use of the funds, any restrictions on the gift, and relevant dates such as when the gift was made and filed.
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