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- Surel’s Place solicits and accepts gifts that are consistent with its mission
and values, and that support its core programs as well as special projects.
- Donations will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, without limitations.
- In the course of its regular fundraising activities, Surel’s Place may
accept donations of money, real property, personal property, stock,
and in-kind goods and services.
- Surel’s Place depends upon the generosity of its donors and appreciates
all intended gifts. However, not all gifts may be appropriate for Surel’s Place
and Surel’s Place reserves the right to refuse a gift for any reason within its
- Certain types of intended gifts shall be reviewed prior to acceptance.
These include, without limitation:
- Gifts of real property.
- Gifts of securities that are subject to restrictions or buy-sell agreements.
- Gifts requiring Surel’s Place to assume financial or other obligations.
- Gifts that would require Surel’s Place to assume legal, contractual,
or regulatory obligations, including those of a trustee or fiduciary.
- Gifts that create or could create the reasonable appearance of a
conflict of interest on the part of Surel’s Place, any employee, or director.
- Gifts that, if accepted, would obligate Surel’s Place to incur additional material operating expenses (e.g., maintenance costs, storage fees, insurance premiums, restoration expenses, labor expenses, taxes, etc.).
- Gifts of property to which ownership or title is in question or dispute.
- Gifts of any property subject to a lien, mortgage, deed of trust,
security interest, or other encumbrance.
- Gifts that could implicate or affect the organization’s
corporate charter or 501(c)(3) status.
- Gifts that would require a return commitment on the part of Surel’s Place
to undertake a specific project, program, or action outside the scope of its normal operations, or that would limit Surel’s Place’s discretion in the use
of the donated funds or property.
- Gifts that could compromise the organization’s core values or which might adversely impact Surel’s Place’s reputation or impair its relationships with other donors, partners, patrons, or the community.
- Intended gifts subject to Section 5, above, shall be reviewed and approved/denied by the Executive Committee of the Surel’s Place Board of Directors, in consultation with the Executive Director. A vote of the entire board may thereafter be conducted if deemed necessary or appropriate by the Executive Committee, in conjunction with the organization’s bylaws, policies, and operational procedures.
- Surel’s Place cannot offer tax, financial, or legal advice to prospective donors,
and encourages all donors to seek independent professional advice concerning
any tax, financial, or legal implications of a gift.