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The following steps are designed to prompt responses that can become the components of a gift acceptance policy that can serve as a guideline for staff and board.
1) State the purpose for establishing the policy.
2) State the organization’s bias, if applicable, toward soliciting unrestricted gifts, whenever possible. (Restrictions can sometimes be unconsciously invoked by the manner in which a gift is solicited.)
A gift acceptance policy explains an organization’s position on accepting both cash and non-cash gifts and outlines any prohibitions on the type of donor or donations to be accepted by the organization. Organizations may base any limitations on a potential conflict with the organization’s core mission (i.e., a youth group might decide not to solicit or accept a contribution from a tobacco company, liquor company or firearms manufacturer), or the lack of capacity for the organization to process certain non-cash gifts such as vehicles.
More about the GWSCPA Nonprofit Financial Accountability Task Force.
