Gift Acceptance Policies and Agreements in the COVID-19 Era

Gift Acceptance Policies and Agreements in the COVID-19 Era

Wednesday, September 16 | 1:30 PM – 3:00 PM | Webinar

Presented by: Don Kramer, Editor and Publisher, Nonprofit Issues, and Lise Twiford, Director of Development, Germantown Friends School in Philadelphia

Moderated by: Tish Mogan, Standards for Excellence Director, PANO

Offered in Partnership with: Nonprofit Issues

*CPE & CLE credits are available for this program; to receive credit you must register through Nonprofit Issues.

Clear gift acceptance policies and agreements take on new meanings in the age of COVID. They can fulfill the traditional role of protecting a charity from accepting a gift that will cost the charity far more than it is worth, and from personally insulting a potential donor whose collection of beer bottle caps you don't really want. They can also protect the charity when the purpose is no longer legal or practical. In the age of COVID, they may also give the donor some comfort that the pledge is not enforceable if the organization goes out of business before the gift is finalized. This webinar will explore the outlines of good gift acceptance policies and agreements and the considerations that should go into creating them for your organization.

If a donor wants to give you something other than cash or publicly traded securities, how should your charity react? Good gift acceptance policies will provide guidelines for handling the unusual gift, such as real estate, S corporation stock, and personal property, including collections. They can provide guidelines on the donor-restrictions that you will not accept. They can also give guidelines on whose gift you want to accept, especially when the donor wants naming rights for a new building or program. Do you really want a gift from a reputed mob boss?

We will also deal with gifts from a donor's family foundation, donor-advised fund (DAF), or IRA. What should you be considering in connection with those gifts?

This webinar will discuss the important issues you should consider in delegating responsibility for performing "due diligence" on unusual gifts you are willing to accept, and providing a review board to make final decisions in circumstances that may justify a variance.

Once you have decided to accept a gift, do you need a specific gift agreement if the gift is restricted in any way? What clauses should be included to provide the right to change the purpose if it becomes illegal or impractical? How do you deal with naming issues? Who has the right to enforce restrictions?

Nonprofit Issues® editor Don Kramer will be joined as co-presenter by Lise Twiford, a fundraiser with more than 30 years of experience who is now Director of Development at Germantown Friends School in Philadelphia.

Participants will receive a package of materials from Nonprofit Issues® and will have the opportunity to ask questions during the presentation.

*CPE & CLE credits are available for this program; to receive credit you must register through Nonprofit Issues.

Cost:
$45 for PANO Members | $100 for Not-Yet Members

Terms of Participation
Your purchase entitles you to a single login; multiple accesses to the Zoom webinar are not permitted. Please do not share the login information with others, as it may interfere with your ability to join. If multiple individuals from your organization would like to view the webinar, please purchase separate tickets for each person or consider a group screening ticket (below).

Group Screening:
$150 for PANO Members | $333 for Not-Yet Members

Terms of Participation
If you have four or more individuals interested in viewing the webinar, please have one person register selecting the group screening rate, then send a list of all individuals viewing the webinar (including names and email addresses) to christina@pano.org. This option makes the most sense when you have four or more individuals interested in viewing the webinar. For fewer than four attendees, a single login ticket for each person is the most cost-effective option.

Materials & Login/Call-In Instructions:
Materials (PowerPoint and other handouts), along with instructions on how to login and call-in, will be emailed to attendees a few days prior to the date of the webinar. PANO uses Zoom as our webinar platform; you can familiarize yourself with Zoom and/or join a test meeting prior to these sessions.

Can’t attend? All webinar registrants will receive a recording of the webinar following the live session!