Gift Acceptance and Acknowledgment Clause Samples
The Gift Acceptance and Acknowledgment clause defines the terms under which a recipient organization may accept gifts and how such gifts will be formally recognized. It typically outlines the types of gifts that are acceptable (such as cash, securities, or property), any conditions or restrictions that may apply, and the process for providing donors with official acknowledgment or receipts for tax purposes. This clause ensures that both parties understand the procedures and requirements for making and accepting gifts, thereby promoting transparency and compliance with legal or regulatory obligations.
Gift Acceptance and Acknowledgment. The Foundation will establish, adhere to, and periodically assess its gift-management and acceptance policies. It will promptly acknowledge and issue receipts for all gifts on behalf of the Foundation and the University and provide appropriate recognition and stewardship of such gifts. If assets are received by the University in lieu of the Foundation, the Foundation will provide appropriate recognition for such gifts when properly notified by the University.
Gift Acceptance and Acknowledgment. The Alumni Foundation will establish, adhere to, and periodically assess its gift acceptance and fund management policies and procedures. The Alumni Foundation will promptly acknowledge and issue receipts for all assets given to the Alumni Foundation and provide appropriate recognition and stewardship of such support.
Gift Acceptance and Acknowledgment. The Foundation will establish, adhere to, and periodically assess its gift acceptance and fund management policies and procedures. The Foundation will promptly acknowledge and issue receipts for all gifts made to the Foundation and provide appropriate recognition and stewardship of such gifts. If gifts are received by LCCC instead of the Foundation, the Foundation will provide appropriate recognition for such gifts when properly notified by LCCC. By law, the Foundation cannot acknowledge or provide receipts for gifts made directly to LCCC. The Foundation, on behalf of LCCC, shall routinely accept gifts-in-kind of equipment and supplies intended for LCCC use.
Gift Acceptance and Acknowledgment. The Foundation will establish, adhere to, and periodically assess its gift/grant acceptance and fund management policies and procedures. The Foundation will, as required or requested, promptly acknowledge and issue receipts for all gifts or grants made to the Foundation and provide appropriate recognition and stewardship of such gifts or grants. If gifts are received by the Consortium Board instead of the Foundation, the Consortium Board will provide appropriate recognition for such gifts or grants. The Foundation, on behalf of the Consortium Board, shall routinely accept appropriate gifts-in- kind of equipment and supplies intended for Consortium Board’s use.
Gift Acceptance and Acknowledgment. The Alumni Foundation will promptly acknowledge and issue receipts for all assets given to the Alumni Foundation and provide appropriate initial recognition and stewardship. The Great Falls College CEO/▇▇▇▇ will also be informed when gift acceptance and acknowledgment occur.
Gift Acceptance and Acknowledgment. The Foundation shall establish, adhere to, and periodically assess its gift acceptance and fund management policies and procedures. The Foundation will acknowledge and issue receipts for all assets given to the Foundation and provide appropriate recognition and stewardship of such support. If assets are received by MSUB rather than the Foundation, the Foundation will provide appropriate recognition for such gifts when properly notified by MSUB.
Gift Acceptance and Acknowledgment. The Alumni Foundation will establish, adhere to, and periodically assess its gift acceptance and fund management policies and procedures. The Alumni Foundation will promptly acknowledge and issue receipts for all assets given to the Alumni Foundation and provide appropriate recognition and stewardship of such support. If assets are received by GFC in lieu of the Alumni Foundation, the Alumni Foundation will provide appropriate recognition for such gifts when properly notified by GFC.