A community foundation adopts gift and fund acceptance policies that address minimum fund size, types of fund options, types of gift mechanisms, and policies and procedures for accepting various types of assets, and makes these policies available upon request.

A community foundation adopts gift and fund acceptance policies that address minimum fund size, types of fund options, types of gift mechanisms, and policies and procedures for accepting various types of assets, and makes these policies available upon request.
Resource Development - Standard III. Part E.

The Standard

Underlying Rationale

Complete and consistent policies and procedures for accepting gifts promotes accountability to the donors and the community, and protects the integrity of the community foundation.

Potential Outcomes

The community foundation is protected from accepting gifts and assets that could put it at substantial risk.
The community foundation avoids accepting gifts that have excessive service costs.
Donors receive consistent and fair treatment.
The gift acceptance process is efficient and responsive.

The above materials are for educational purposes only. They are not standard or model forms and should only be used as a reference in developing your own documents with advice from legal counsel where appropriate. Please read the full Terms of Use for more information.

Please note that these materials were collected prior to the passage of the Pension Protection Act of 2006 so do not necessarily reflect the recent changes in the law. As always, these documents should only be used as a reference in developing your own documents with advice from legal counsel where appropriate. For more information on the Pension Protection Act of 2006, see www.cof.org/hr4.