Jolly Park Community Development Council

Gift Acceptance Policy 

Jolly Park Community Development Council (JPCDC) solicits and accepts gifts for purposes that will help the organization further and fulfill its mission.  JPCDC urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, including the resulting tax and estate planning consequences.  The following policies and guidelines govern acceptance of gifts made to JPCDC for the benefit of any of its operations, programs or services.

Use of Legal Counsel - JPCDC will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate.  Review by counsel is recommended for:

  1. Gifts of securities that are subject to restrictions or buy-sell agreements.

  2. Documents naming JPCDC as trustee or requiring JPCDC to act in any fiduciary capacity.

  3. Gifts requiring JPCDC to assume financial or other obligations.

  4. Transactions with potential conflicts of interest.

  5. Gifts of property which may be subject to environmental or other regulatory restrictions.

Restrictions on Gifts - JPCDC will not accept gifts that (a) would result in JPCDC violating its corporate charter, (b) would result in JPCDC losing its status as an IRC 501(c)(3) not-for-profit organization, (c) are too difficult or too expensive to administer in relation to their value, (d) would result in any unacceptable consequences for JPCDC, or (e) are for purposes outside JPCDC’s mission.  Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Board of Directors.

Gifts Generally Accepted Without Review -

Gifts Accepted Subject to Prior Review – Certain forms of gifts or donated properties may be subject to review prior to acceptance.  Examples of gifts subject to prior review include, but are not limited to:

JPCDC will provide acknowledgements to donors meeting IRS substation 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 JPCDC.

JPCDC 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, JPCDC will restrict information about the donor to only those staff members with a need to know. 

Jolly Park Community Development Council (JPCDC) solicits and accepts gifts for purposes that will help the organization further and fulfill its mission.  JPCDC urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, including the resulting tax and estate planning consequences.  The following policies and guidelines govern acceptance of gifts made to JPCDC for the benefit of any of its operations, programs or services.

Use of Legal Counsel - JPCDC will seek the advice of legal counsel in matters relating to acceptance of gifts when appropriate.  Review by counsel is recommended for:

  1. Gifts of securities that are subject to restrictions or buy-sell agreements.

  2. Documents naming JPCDC as trustee or requiring JPCDC to act in any fiduciary capacity.

  3. Gifts requiring JPCDC to assume financial or other obligations.

  4. Transactions with potential conflicts of interest.

  5. Gifts of property which may be subject to environmental or other regulatory restrictions.

Restrictions on Gifts - JPCDC will not accept gifts that (a) would result in JPCDC violating its corporate charter, (b) would result in JPCDC losing its status as an IRC 501(c)(3) not-for-profit organization, (c) are too difficult or too expensive to administer in relation to their value, (d) would result in any unacceptable consequences for JPCDC, or (e) are for purposes outside JPCDC’s mission.  Decisions on the restrictive nature of a gift, and its acceptance or refusal, shall be made by the Board of Directors.

Gifts Generally Accepted Without Review -

Gifts Accepted Subject to Prior Review – Certain forms of gifts or donated properties may be subject to review prior to acceptance.  Examples of gifts subject to prior review include, but are not limited to:

JPCDC will provide acknowledgements to donors meeting IRS substation 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 JPCDC.

JPCDC 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, JPCDC will restrict information about the donor to only those staff members with a need to know.