Now that you’ve reviewed your organization’s gift acknowledgment processes to make sure your donor is getting what they need from you, let’s take a look at another area in which your organization’s desires might sometimes get in the way of your donor’s needs.
PART TWO: GIFT ACCEPTANCE POLICIES
You love your donors. They are amazing people and companies and institutions. They do wonderful things to advance the mission of your organization. You love them the most when they donate unrestricted gifts of cash, but that’s not always the case.
Sometimes your donor wants to give you a boat. Or a parcel of land in Texas. Or a future interest in a business. To spend when you raise an additional one million dollars. When you expand your programs to Oregon. If you name a scholarship in their daughter’s honor.
You want to say yes! But . . .
When a donor approaches with an offer that isn’t a straight forward, unrestricted gift of money, a sound gift acceptance policy will help you negotiate a response without setting expectations you can’t meet, or leaving the donor feeling embarrassed or worse.
Here are some things that policy will help you decide long before you need it:
The policy should also guide your team to:
DECEMBER TO DO’S:
The information contained in this blog post is provided as a courtesy. It does not form an attorney / client relationship, and nothing contained in it should be construed as legal advice. If you need that, or help reviewing your organization's gift acceptance policies, please give us a call at 206.456.2579.
Next up: DONOR ADVISED FUNDS