|
Submitting Foundation
|
|
Foundation Name:
|
New Hampshire Charitable Foundation
|
|
Address:
|
37 Pleasant Street, Concord, NH 03301
|
|
Phone:
|
603-225-6641
|
|
Fax:
|
603-225-1700
|
|
Website URL:
|
www.nhcf.org
|
|
Founded:
|
1962
|
|
Submitted By:
|
Lewis M. Feldstein
|
|
Title:
|
President
|
| |
|
Practice Example Details
|
|
Methodology:
|
gift/fund acceptance policies
|
|
Standard:
|
A community foundation accepts and administers a diversity of gift and fund types to meet the varied philanthropic objectives of donors.
|
How does this practice
meet the applicable standard?
|
The New Hampshire Charitable Foundation has established gift acceptance policies and guidelines that detail the policies and procedures for accepting a wide variety of gifts and fund types.
|
What method is used for
monitoring and measuring outcome?
|
The foundation policies and guidelines cover in general: confidentiality; foundation responsibilities; Gift Acceptance Committee; restrictions on gifts; and use of legal counsel. Specific policies and guidelines have been established to cover: the various types of Component Funds and distributions, fees, fundraising, investment management, memorial gifts, permanence, reporting and solicitation campaigns. Policies and guidelines for Non-component Funds address supporting organizations. Policies and guidelines on Outright Gifts cover: bargain sale; cash and cash equivalents; commercial annuities; intellectual property; life insurance; partnership and limited liability interests; private foundation terminations; real estate; real estate with retained life tenancy; retirement plans; royalties; securities – closely held; securities – pre-IPO; securities – publicly traded; stock options; and tangible personal property. Deferred Gifts covered include: bequests; charitable gift annuities; charitable lead trusts; charitable remainder trusts; and pooled income funds. The Appendices include: Model standards of practice for the charitable gift planner; fundraising events policy; memorial gifts policy; solicitation policy; and a Property Information form.
|
|
What were the results?
|
Prospective donors and their professional advisors have a clear understanding of the types of gifts the foundation will accept and under what conditions. The foundation’s board and staff have clear guidelines for accepting gifts.
|
