158: Gift Acceptance Policies Part 1: What, Why, and Who

I'm Cynthia Rowland, and this is episode 158 of EO Radio Show.

This is the first of three episodes focusing on gift acceptance policies for public charities.

So here's the roadmap.

In this part, the first part, we'll have an introduction as to why gift acceptance policies matter, what they are, the governing principles, and who makes the decisions at each step of the gift intake process.

In part two, we'll cover the gift spectrum, the asset types from easy to hard that are addressed in a gift acceptance policy.

And we'll do a little deeper dive into real estate diligence since that's a pretty common complex asset.

In part three, we'll cover compliance, recognition, and implementation.

In that episode, we'll talk about the IRS requirements for reporting charitable contributions, and all that is often addressed in the gift acceptance policy.

We'll talk a little bit about how donor recognition and endowment restrictions are addressed in the typical gift acceptance policy, and we'll talk about putting the policy to work.

So those are the three parts, and today we'll focus on the basics and the introduction of a gift acceptance policy.

Welcome to the EO Radio Show, your nonprofit legal resource brought to you by the Exempt Organizations Group at Forella Braun and Martell.

My name is Cynthia Rowland, and I'm a partner at Forella.

I'm a business and tax lawyer with more than 30 years of experience advising clients on nonprofit and charity law.

Through this podcast, our lawyers and guests will discuss a range of legal and business issues impacting the nonprofit world because we understand you work hard every day to make your community a better place to live and do business.

Many of our programs focus on the basics, and at times we'll do a deep dive into narrow and complicated legal issues.

Again, welcome to the EO Radio Show.

We're glad you're here.

I'm Cynthia Rowland, and this is episode 158 of EO Radio Show.

This is the first of three episodes focusing on gift acceptance policies for public charities.

So here's the roadmap.

In this part, the first part, we'll have an introduction as to why gift acceptance policies matter, what they are, the governing principles, and who makes the decisions at each step of the gift intake process.

In part two, we'll cover the gift spectrum, the asset types from easy to hard that are addressed in a gift acceptance policy.

And we'll do a little deeper dive into real estate diligence since that's a pretty common complex asset.

In part three, we'll cover compliance, recognition, and implementation.

In that episode, we'll talk about the IRS requirements for reporting charitable contributions, and all that is often addressed in the gift acceptance policy.

We'll talk a little bit about how donor recognition and endowment restrictions are addressed in the typical gift acceptance policy, and we'll talk about putting the policy to work.

So those are the three parts, and today we'll focus on the basics and the introduction of a gift acceptance policy.

Welcome to the EO Radio Show, your nonprofit legal resource brought to you by the Exempt Organizations Group at Forella Braun and Martell.

My name is Cynthia Rowland, and I'm a partner at Forella.

I'm a business and tax lawyer with more than 30 years of experience advising clients on nonprofit and charity law.

Through this podcast, our lawyers and guests will discuss a range of legal and business issues impacting the nonprofit world because we understand you work hard every day to make your community a better place to live and do business.

Many of our programs focus on the basics, and at times we'll do a deep dive into narrow and complicated legal issues.

Again, welcome to the EO Radio Show.

We're glad you're here.