This Gift Acceptance Policy of (Enter Organization Name) defines possible limitations and conflicts that can prevent or hamper the Organization from its mission and exempt purpose. 
The Organization solicits and accepts gifts for purposes that will help the organization further and fulfill its mission. The Organization 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 the Organization for the benefit of any of its operations, programs or services.
1.	Exceptions for all examples herein this policy: Many States in America have registration requirements. The Organization can currently only accept donations from residents of Arizona. This applies to all donations, including those submitted online.
2.	Gifts Generally Accepted Without Review. Please note even general accepted items are subject to review (see part 5).
a.	Cash. Cash gifts are acceptable in any form, through means provided by the Organization.
b.	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 [Name of Organization]’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 Board.
3.	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:
a.	Tangible Personal Property. The Board 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? 
b.	Life Insurance. The Organization will accept gifts of life insurance where the Organization 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. 
c.	Real Estate. All gifts of real estate are subject to review by the Board. Prior to acceptance of any gift of real estate other than a personal residence, the Organization 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?
4.	Use of Legal Counsel. The Organization will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate. Review by counsel is recommended for:
a.	Gifts of securities that are subject to restrictions or buy-sell agreements.
b.	Documents naming the Organization as trustee or requiring the Organization to act in any fiduciary capacity.
c.	Gifts requiring the Organization to assume financial or other obligations.
d.	Transactions with potential conflicts of interest.
e.	Gifts of property which may be subject to environmental or other regulatory restrictions.
5.	Restrictions on Gifts. Final decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Board. The Organization will not accept gifts that 
a.	would result in the Organization violating its corporate charter
b.	would result in the Organization losing its status as an IRC § 501(c)(3) not-for-profit organization,
c.	are too difficult or too expensive to administer in relation to their value
d.	would result in any unacceptable consequences for the Organization or 
e.	are for purposes outside the Organization’s mission. 

So approved by board majority vote on this day		
Signature of board member		
Printed name of board member		
Title of board member