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Gift Acceptance Policy
Adopted March 2008 – Revised March 2009
This policy is a guideline to staff, the Board of Directors, and donors in determining whether and how gifts will be received by the Alaska Center for the Blind and Visually Impaired (Center) in order to advance the mission of equipping blind and visually impaired Alaskans with skills and resources for success in life and work.  The Fund Development Committee and Board of Directors will review this policy annually and recommend updates if needed.
The Center actively solicits charitable gifts to further its mission.  Because there is potential that the acceptance of certain gifts could compromise the ability of the Center to achieve its goals, this gift acceptance policy shall apply to all gifts offered to the Center before the gifts are accepted.
Donations to the Center
The Center accepts the following donations directly:
1.      Cash. The Center accepts cash, checks, and gifts by credit card.  The Center encourages donors to consider multi-year pledges that can be paid by credit card, electronic funds transfer from a bank account, or check.  The Center can receive gifts made by payroll deduction through designation of the Center on contribution forms for Alaska Community Share and the Combined Federal Campaign or United Way.  Online donations are accepted from various sources including, but not limited to, the Center’s website and social media.  Cash made as a restricted gift will only be accepted if value meets or exceeds $250.
2.      Publicly Traded Securities.  Readily marketable securities, such as stocks, bonds, and mutual funds traded on a stock exchange, can be accepted by the Center.  The Center is likely to sell gifts of securities immediately.  For gift crediting and accounting purposes, the value of the securities is the average of the high and low on the date of the gift.
3.      Planned Gifts.  The Center accepts planned gifts through designation of the Center as a beneficiary of a will, trust, life insurance policy, retirement account, annuity, or other planned gift.  The Executive Director may appoint an Ad Hoc Gift Review Task Force to review planned gifts requiring additional scrutiny.
4.      In-Kind Donations.  The Center accepts gifts of tangible personal property, such as video magnifiers or appliances for the training kitchen, that have a use related to the mission and exempt purpose of the Center.  The Center may also accept gifts of professional services (examples: legal or video production) that have a use related to the mission and exempt purpose of the organization.
The Alaska Center for the Blind and Visually Impaired Endowment Fund within the Alaska Community Foundation may accept additional gifts under terms of the Alaska Community Foundation’s gift acceptance policy, including but not limited to:
1.      Real Estate.
2.      Stock that is not publicly traded.
3.      Tangible personal property that is not related to the exempt purpose of the Center.
Authority to Accept Gifts
The Executive Director of the Center, subject to board policy, shall have the authority to solicit and accept or decline gifts on behalf of the Center.  If there is a question regarding whether or not a gift is within Center policy or if there is a special reason why the gift should be accepted or declined, the Executive Director will convene an Ad Hoc Gift Review Task Force, with the Board President’s approval, and notice to the full Board of Directors and the Fund Development Committee, to assess the acceptability of the gift under this policy.
Gift Acceptance
The Center reserves the right to decline any financial commitment, gift, or bequest, as well as the right to determine how a gift will be credited and recognized.
1.      The Center shall abide by The Code of Ethics and Donor Bill of Rights of the Association of Fundraising Professionals.
2.      The Executive Director shall cause an acknowledgement of each gift along with restrictions, if any, to be sent to the donor.
3.      Prospective donors shall be strongly encouraged in all cases to consult with their own independent legal or tax advisors about proposed gifts, including the tax and estate planning implications of the gifts.  No representative of the Center shall provide legal or tax advice to any donor or prospective donor.
The Center will respect a donor’s wish to remain anonymous.  In the absence of such a stipulation, the Center may acknowledge donors in the annual report, on a donor recognition display in the Center lobby, or in the newsletter.  All correspondence and gift records as well as email, phone, and address data will be kept confidential and be used only on a need-to-know basis within the Center.