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Foreign Angels Policy on Soliciting and Accepting Donations |
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Untitled Document
I.
INTRODUCTION
The Foreign Angels a 501C Corporation, actively pursues donations that advance our goals
and mission. Donations and sponsorships can be important sources of funding and the Society
welcomes cooperation with individuals, corporations, and private businesses in the pursuit of
shared values. However, the integrity of Foreign Angels policies, programs, and actions must not
be compromised as a result of such donations. The Board of Directors of Foreign Angels has adopted the
following policy to clarify the conditions under which Foreign Angels accepts donations, to provide the
underlying principles for soliciting donations, and to identify situations for which Board
approval is required prior to acceptance of a donation.
II.
IMPLEMENTATION
This donations policy will be used to guide and inform the fundraising activities of the Society.
Foreign Angels staff and volunteers are expected to comply with this policy.
Program staff and volunteers will work with the Executive Director in advance of soliciting
donations, when appropriate, to ensure that the intent of this policy is carried out. The Executive
Director is directed to evaluate donations for consistency with this policy. For donations that are
not consistent with the policy, the Executive Director must either decline the donation or seek
approval from the Board of Directors for an exception to the policy.
The Board is to be informed on a quarterly basis of the type and dollar amount of the donations
made to Foreign Angels.
III. POLICY
A.
DONATIONS - GENERAL
1.
ACCEPTANCE OF DONATIONS
Foreign Angels gratefully accepts monetary or in-kind donations if:
a) The donation is wholly consistent, in fact and appearance, with the activities, policies,
mission, goals, and/or programs of the Foreign Angels.
b) The donation is not linked to a requirement that Foreign Angels endorse any products, policies, or
services.
2.
LIMITATIONS
a) Foreign Angels will accept any unrestricted donation or any restricted donation that clearly
corresponds to an existing element of the Foreign Angels strategic plan. Where a donor wishes to
make a contribution and the restrictions do not correspond to an existing element of the
strategic plan, the Board must approve the project and restrictions, or Foreign Angels must decline
to accept the donation.
b) Foreign Angels reserves the right to decline to accept donations from donors that operate in ways
or advocate policies that are inconsistent with Foreign Angels objectives.
c) Foreign Angels will seek to limit the number of permanently restricted donations by encouraging
donors to give to the general fund or to existing restricted accounts.
3.
ACKNOWLEDGEMENT
Foreign Angels will be pleased to provide recognition to donors in a mutually agreeable format.
4.
DISCLOSURE
a) Foreign Angels will provide a copy of the Donations Policy and the Society’s Mission and Vision
Statement to any corporation, business, organization or individual that requests them.
b) Foreign Angels will post its Donations Policy on the Foreign Angels website.
B.
CORPORATE AND BUSINESS DONATIONS
In addition to the policies described under “A. DONATIONS - GENERAL,” the following also
apply to corporate or business donations.
1.
ELIGIBILITY
Foreign Angels gratefully accepts monetary or in-kind donations from any corporation or business
provided that the donation comes without conditions or requirements that negatively affect the
integrity, or the appearance of the integrity, of the activities, policies, mission, goals, and/or
programs of Foreign Angels.
2.
BOARD APPROVAL
Board approval is required for corporate or business donations that exceed $10,000 in cash or
value.
3
.
CONFLICT OF INTEREST
To avoid potential conflicts of interest, board members that have a financial interest in a business
or corporation shall recuse themselves from the vote to accept a donation from that business or
corporation. Ownership of stock through a diversified mutual fund does not require recusal.
4.
ACKNOWLEDGEMENT
a) Corporate and business donors will be acknowledged in a method comparable to that of
individual Major Donors.
b) Recognition of a corporate donation on a product specific basis (e.g., acknowledgement
of the donation of printing services or costs for a publication) is allowed, but the size and
style of the recognition must not dominate the product, and the recognition must be
compatible with the purposes of the product.
Foreign Angels Policy on Soliciting and Accepting Donations
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