Transcription of UNDERSTANDING AND DRAFTING NONPROFIT GIFT …
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UNDERSTANDING AND DRAFTING NONPROFIT GIFT …
UNDERSTANDING AND DRAFTING NONPROFIT GIFT ACCEPTANCE POLICIES. Kathryn W. Miree, Kathryn W. Miree & Associates, Inc. Gift acceptance policies are rarely adopted at the inception of a NONPROFIT organization's fundraising program. Early development activities usually focus on cash, and occasionally marketable securities. There is little discussion of, or involvement with, other gift forms. Gift acceptance policies are a product of capital campaigns or planned giving campaigns in which planned giving concepts, such as gifts made from assets, split interest gifts, and deferred gifts, are introduced. Once gift acceptance policies are in place, however, they tend to drift to the back of the policy manual where they age unnoticed and no longer provide the intended safeguard. This analysis is designed to help you gain a greater UNDERSTANDING of the details, draft a set of policies, and make or advise your clients to make better decisions about gift acceptance.
' 2000, 2001, 2002, 2003 Kathryn W. Miree & Associates, Inc. P. O. Box 130846, Birmingham, Alabama 35213, kwmiree@giftplanners.com 4 2. Separate the duties of board ...
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