Contributions to a community foundation represent irrevocable gifts subject to the legal and fiduciary control of the community foundation's governing body.
Resource Development - Standard III. Part B.

Key Design Elements Check List

1. There are gift acceptance policies, including an acceptance procedure for exceptional gifts, including legal counsel review and subject to board approval.
2. The Foundation has board approved standard gift instruments containing the appropriate language which has been reviewed by legal counsel.
3. Marketing and communications vehicles to inform donors and their advisors of the standard terms and conditions.
4. The gift acceptance policies reflect the foundation’s mission and operating principles.

   Design Elements Relevant To Most Practices:

   1. Clear and measurable outcomes.
   2. A monitoring and evaluation component that tracks and measures outcome achievement.
   3. Outcomes that preserve and/or improve desirable conditions.
   4. The cost of following the practice is in alignment with the result.
   5. The practice "fits" with the current and anticipated circumstances of the community foundation, such as size, growth rate, age, type of funds, and service area.
   6. Ancillary or bonus outcomes derived from the practice help meet or exceed other standards or otherwise advance the foundation's goals.