Your organization is approached by a potential donor who is offering to make a very large gift but it is not cash or even appreciated stock.
It is an asset unlike anything your organization has received before. Your President or CEO turns to you as the development director and asks, "what should we do?"
You need to reach your goals for the year and this gift would make this a record fundraising year.
So, what should you do?
Gifts such as that described above have the capacity to transform an organization or cause an early end to the tenure of the development director. The decision to accept or reject a gift such as this should never be at the discretion of the development director but should be guided by a comprehensive set of policies to determine what your organization will accept as gifts and under what circumstances.
You could try to write such policies yourself or even pay an expensive outside attorney to do so from scratch for you. We are offering a sound alternative: comprehensive gift acceptance policies that have been reviewed and approved by legal counsel, are based on nationally recognized guidelines, and are based on those being used by the most advanced development operations in the country. Remember, gift acceptance policies must be customized to the particular nonprofit. These documents are just the conversation starter. Legal counsel must advise on gift acceptance policies and gift agreements under the laws of each state. So after you put these together, run it by your attorney.
Our experts are here to guide you through the process of adapting these guidelines to your organization as well. We can also advise you on how to move the guideline through a process of being approved by internal stakeholders and your Board.
Call us at 800-490-7090 for more information.
Services spearheaded by Stuart Sullivan and includes a 2-hour personal consultation.