Gift Acceptance Policy
The Equip Foundation
In addition to 4.17 of the Articles of Association, the Equip Foundation adopts the following policies for the acceptance of gifts.
Acceptance of any contribution, gift or grant is at the discretion of the Equip Foundation. The Equip Foundation will not accept any gift unless it can be used or expended consistently with the purpose and mission of the Equip Foundation.
The Equip Foundation 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 Equip Foundation will accept donations of cash or publicly traded securities. Gifts of in-kind services will be accepted at the discretion of the Equip Foundation.
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 Equip Foundation.
The Equip Foundation will provide acknowledgments to donors meeting IRS substantiation requirements for property received by the foundation 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 Equip Foundation.
The Equip Foundation 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 Equip Foundation will restrict information about the donor to only those staff members with a need to know.
The Equip Foundation will not compensate, whether through commissions, finders’ fees, or other means, any third party for directing a gift or a donor to the Equip Foundation.
Version: 2
Approved by the Board on July 28, 2016.