Contributions Acceptance Policy
1. The Foundation will accept any cash contribution except as noted below. The term “cash”
includes checks as used here.
2. The Foundation will not accept credit cards.
3. The Foundation may accept contributions of publicly traded securities if:
a. The securities can be received and sold quickly and easily.
b. The securities to be contributed have a value of at least $500.
The Board of Directors will decide if these conditions are met on a case by case basis. The
contributor will receive a receipt for the value of the securities at the time of transfer. The
Foundation will sell the securities as soon as practical. The recognition level the contributor will
receive will be based on the value of the cash the Foundation receives as the result of the sale.
4. The Foundation will accept real property that is accompanied by the following, performed by
the appropriate qualified professionals:
a. A recent survey.
b. A recent title insurance policy in the Foundation’s name.
c. A recent environmental hazards report.
d. A recent appraisal.
The Board of Directors will decide if these conditions are met on a case by case basis. The
contributor will receive a receipt for the value of the real property as appraised at the time of
transfer. The Foundation will sell the property as soon as practical. The recognition level the
contributor will receive will be based on the value of the cash the Foundation receives as the
result of the sale.
5. The Foundation will accept mature insurance, plans or any other financial device if:
a. The device can be received and sold quickly and easily.
b. The contribution requires no expense to the Foundation.
c. The contribution involves no an ongoing legal agreement with the contributor.
Instruments such as these may be evaluated on a case by case basis, similar to the evaluation
given to securities and real property.
6. The Foundation will accept delayed contributions, such as bequests of the items listed above,
but will not credit the contribution until the Foundation receives actual contribution.
7. The Foundation will not accept contributions of personal property.
8. The Foundation will not accept any contribution that has a restriction that:
a. Is counter to the Foundations purposes.
b. Involves excessive administration for the Foundation
The Board of Directors will review contributions with restrictions on a case by case basis.
9. The Foundation will not accept any contribution if in the opinion of the Board of Directors the
acceptance would not be in the best interest of the Foundation. The reasons may include, but
are not limited to:
a. The motive appears to be something other than to advance the purposes of the
Foundation.
b. The reputation of the contributor in the community is generally accepted as criminal,
immoral or unethical.
Revised: February 5, 2004