Gift Acceptance Policy

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Gift Acceptance Policy

Acceptance of any contribution, gift or grant is at the discretion of the Kansas Council for Economic Education. The Kansas Council for Economic Education will not accept any gift unless it can be used or expended consistently with the purpose and mission of the Kansas Council for Economic Education.

No irrevocable gift, whether outright or life-income in character, will be accepted if under any reasonable set of circumstances the gift would jeopardize the donor’s financial security.

The Kansas Council for Economic Education will refrain from providing advice about the tax or other treatment of gifts and will encourage donors to seek guidance from their own professional advisors to assist them in the process of making their gift.

The Kansas Council for Economic Education will accept donations of cash or publicly traded securities. Gifts of in-kind services will be accepted at the discretion of the Kansas Council for Economic Education.

Certain other gifts, real property, personal property, in-kind gifts, non-liquid securities, and contributions whose sources are not transparent or whose use is restricted in some manner, must be reviewed prior to acceptance due to the special obligations raised or liabilities they may pose for the Kansas Council for Economic Education.

The Kansas Council for Economic Education will provide acknowledgments to donors meeting IRS substantiation requirements for property received by the charity as a gift. However, except for gifts of cash and publicly traded securities, no value shall be ascribed to any receipt or other form of substantiation of a gift received by the Kansas Council for Economic Education.

The Kansas Council for Economic Education will respect the intent of the donor relating to gifts for restricted purposes and those relating to the desire to remain anonymous. With respect to anonymous gifts, the Kansas Council for Economic Education will restrict information about the donor to only those staff members with a need to know.

The Kansas Council for Economic Education will not compensate, whether through commissions, finders’ fees, or other means, any third party for directing a gift or a donor to the Kansas Council for Economic Education.

Adopted by the Board of Directors at the Annual Meeting, December 18, 2014