Gifts
The community foundation documents that it has adopted—either under its investment policies or separately— policies addressing minimum fund size, types of fund options, types of gift mechanisms, and procedures for accepting various types of assets. Further, the policies should include guidelines that prevent the foundation from violating the excess business holding rules for assets it holds in donor advised funds (as legally defined).
Tab 22: Development Strategy for Operations and Funds
The community foundation submits evidence of a strategy designed to generate broad support from many separate, unrelated donors with diverse charitable interests.
Tab 23: Gift Acknowledgement Procedures
The community foundation submits a description of the time period and procedures by which gifts are acknowledged.
Tab 24: Sample Gift Acknowledgement Letters
The community foundation submits sample gift acknowledgement letters for gifts of cash, non-cash property, and gifts to a donor advised fund.
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About National Standards
They guide sound policies and accountable
practices. They build capacity to carry
out our missions. They make
community foundations distinctive.
