Gift Acceptance Policies
Angels with Paws Foundation solicits and accepts gifts that are consistent with its mission and that support its core programs, as well as special projects.
Donations and other forms of support will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, subject to the following limitations:
- Limitations are the gift must be in usable condition, proof of ownership (must not have any liens or 3rd party liability), and mutual agreement of how to receive such gift.
Gifts of Real Property, Personal Property or Securities may only be accepted upon approval of the Angels with Paws Directors.
Angels with Paws Foundation will only solicit and accept gifts that are consistent with its mission.
Donations will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, without limitations.
In the course of its regular fundraising activities, Angels with Paws Foundation will accept donations of money, real property, personal property, stock, and in-kind services.
In-Kind-Services are things such as physical goods, products or services.
- Dog food, dog toys, collars and leashes, any items used in the care and training of our Angels can be accepted as a donation.
- Services can also be accepted as a donation.
Certain types of gifts must be reviewed prior to acceptance due to the special liabilities they may pose for Angels with Paws Foundation. Examples of gifts which will be subject to review include gifts of real property, gifts of personal property, and gifts of securities. (See Corporate Resolution # )
Whereas Angels with Paws Foundation actively solicits gifts and grants to further the mission of the organization and will assure that no donation will be used for personal gain.
Whereas there is the potential for controversy if certain gifts are accepted, the organization has adopted the following Gift Acceptance Policy:
- When considering whether to solicit or accept gifts, the organization will consider the following factors:
- Values—whether the acceptance of the gift compromises any of the core values of Angels with Paws Foundation.
- Compatibility—Whether there is compatibility between the intent of the donor and the organization’s use of the gift.
- Public Relationships—whether acceptance of the gift damage the reputation of Angels with Paws Foundation.
- Primary Benefit—whether the primary benefit is to Angels with Paws Foundation, versus the donor.
- Consistency—is acceptance of the gift consistent with prior practice?
- Form of Gift—Is the gift offered in a form that Angels with Paws foundation can use without incurring substantial expense or difficulty?
- Effect on Future Giving—Will the gift encourage or discourage future gifts?
All decisions to solicit and/or accept potentially controversial gifts will be made by the Executive Committee of the Board in consultation with the Executive Director. The primary consideration will be the impact of the gift on the organization.
- Angels with Paws Foundation solicits and accepts gifts for purposes that will help the organization further and fulfill its mission.
- Angels with Paws Foundation urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, including the resulting tax and estate planning consequences.
The following policies and guidelines govern acceptance of gifts made to Angels with Paws Foundation for the benefit of any of its operations, programs, or services:
- Use of Legal Counsel—Angels with Paws Foundation will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. Review by counsel is recommended for:
- Gifts of securities that are subject to restrictions or buy-sell agreements.
- Documents naming Angels with Paws Foundation as trustee or requiring said organization to act in any fiduciary capacity.
- Gifts requiring Angels with Paws Foundation to assume financial or other obligations.
- Transactions with potential conflicts of interest.
- Gifts of property which may be subject to environmental or other regulatory restrictions.
- Restrictions on Gifts—Angels with Paws Foundation will not accept gifts that
- would result in Angels with Paws Foundation violating its corporate charter.
- would result in Angels with Paws Foundation losing its status as an IRC § 501(c)(3) not-for-profit organization.
- are too difficult or too expensive to administer in relation to their value.
- would result in any unacceptable consequences for Angels with Paws Foundation, or
- are for purposes outside Angels with Paws Foundation’s mission.
Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Executive Committee, in consultation with the Executive Director.
Gifts Generally Accepted Without Review—
- Cash gifts are acceptable in any form, including by check, money order, credit card, or on-line. Donors wishing to make a gift by credit card must provide the card type (e.g., Visa, MasterCard, American Express), card number, expiration date, and name of the card holder as it appears on the credit card.
- Marketable Securities. Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor’s endorsement or signed stock power (with appropriate signature guarantees) attached. All marketable securities will be sold promptly upon receipt unless otherwise directed by Angels with Paws Foundation’s Investment Committee. In some cases, marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the Executive Committee.
- Bequests and Beneficiary Designations under Revocable Trusts, Life Insurance Policies, Commercial Annuities and Retirement Plans. Donors are encouraged to make bequests to Angels with Paws Foundation under their wills, and to name Angels with Paws Foundation as the beneficiary under trusts, life insurance policies, commercial annuities, and retirement plans.
- Charitable Remainder Trusts. Angels with Paws Foundation will accept designation as a remainder beneficiary of charitable remainder trusts.
- Charitable Lead Trusts. Angels with Paws Foundation will accept designation as an income beneficiary of charitable lead trusts.
Gifts Accepted Subject to Prior Review—Certain forms of gifts or donated properties may be subject to review prior to acceptance. Examples of gifts subject to prior review include, but are not limited to:
- Tangible Personal Property. The Executive Committee shall review and determine whether to accept any gifts of tangible personal property in light of the following considerations:
- Does the property further the organization’s mission?
- Is the property marketable?
- Are there any unacceptable restrictions imposed on the property?
- Are there any carrying costs for the property for which the organization may be responsible?
- Is the title/provenance of the property clear?
- Life Insurance. [Organization Name] will accept gifts of life insurance where Angels with Paws Foundation is named as both beneficiary and irrevocable owner of the insurance policy. The donor must agree to pay, before due, any future premium payments owing on the policy.
- Real Estate. All gifts of real estate are subject to review by the Executive Committee. Prior to acceptance of any gift of real estate other than a personal residence, Angels with Paws Foundation shall require an initial environmental review by a qualified environmental firm. In the event that the initial review reveals a potential problem, the organization may retain a qualified environmental firm to conduct an environmental audit. Criteria for acceptance of gifts of real estate include:
- Is the property useful for the organization’s purposes?
- Is the property readily marketable?
- Are there covenants, conditions, restrictions, reservations, easements, encumbrances, or other limitations associated with the property?
- Are there carrying costs (including insurance, property taxes, mortgages, notes, or the like) or maintenance expenses associated with the property?
- Does the environmental review or audit reflect that the property is damaged or otherwise requires remediation?