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A policy can help nonprofits look “gift horses” in the mouth

Posted Sep 27, 2019

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Although it’s hard to say “no” to a generous donor, your not-for-profit needs to be careful about accepting “gift horses.” There are many reasons to decline gifts, from space limitations to unsuitability to your mission. An art collection, for example, may require insurance and offsite storage your nonprofit can’t afford. A gift acceptance policy makes accepting or refusing gifts simple. List the kinds of gifts you can’t manage. For those you can, describe how they’ll be valued, administered and, if necessary, disposed of. Be particularly careful about restricted and split interest gifts. Contact us for information.

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