Nonprofit Gift Acceptance Policy
With a Nonprofit Gift Acceptance Policy, you can keep consistent rules for your organization receiving gifts.
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Frequently Asked Questions
A Nonprofit Gift Acceptance Policy isn’t a mandatory document. Since it establishes the gifts that the nonprofit can accept and what to do with them, it is a valuable document for any nonprofit.
Reviewing the Nonprofit Gift Acceptance Policy once a year enables nonprofits to update the policy as needed. The board of directors would have to approve any changes proposed prior to creating a new document.
Yes. In fact, posting the Nonprofit Gift Acceptance Policy on the website informs donors about the policy so they can determine if they still want to donate something. Whenever the document is updated, make sure to post a new version on the site as well.
Each nonprofit is free to define its list of unacceptable gifts. These may include gifts directly opposed to the organization’s mission, illegal gifts, and gifts that might cost the nonprofit a lot of money.
The size of the organization is a nonfactor as regards the Nonprofit Gift Acceptance Policy. Even smaller organizations can receive gifts in the future, so they’ll have to know how to handle them.
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