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24

May

about Finance

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Vision International Alliance (VIA)

Gift Acceptance Policies

VIA solicits and accepts gifts that are consistent with its mission.

  1. Donations will generally be accepted from individuals, partnerships, corporations, foundations, government agencies, or other entities, without limitations.
  2. In the course of its regular fundraising activities, VIA will accept donations of money, real property, personal property, stock, and in-kind services.
  3. Certain types of gifts must be reviewed prior to acceptance due to the special liabilities they may pose for VIA. The specific purpose of VISION INTERNATIONAL ALLIANCE is to establish Multipurpose Micro Community Canters/Churches with the cooperation of local community and church leaders in partnership with other non-governmental organizations.

Gifts Generally Accepted Without Review

  • Cash. Cash gifts are acceptable in any form, including by check, money order, credit card, or on-line. Donors wishing to make a gift by credit card must provide the card type (e.g., Visa, MasterCard, American Express), card number, expiration date, and name of the card holder as it appears on the credit card.
  • Marketable Securities. Marketable securities may be transferred electronically to an account maintained at one or more brokerage firms or delivered physically with the transferor’s endorsement or signed stock power (with appropriate signature guarantees) attached. All marketable securities will be sold promptly upon receipt unless otherwise directed by VIA’s Investment Committee. In some cases marketable securities may be restricted, for example, by applicable securities laws or the terms of the proposed gift; in such instances the decision whether to accept the restricted securities shall be made by the Executive Committee.
  • Bequests and Beneficiary Designations under Revocable Trusts, Life Insurance Policies, Commercial Annuities and Retirement Plans. Donors are encouraged to make bequests to VIA under their wills, and to name VIA as the beneficiary under trusts, life insurance policies, commercial annuities and retirement plans.
  • Charitable Remainder Trusts. VIA will accept designation as a remainder beneficiary of charitable remainder trusts.
  • Charitable Lead Trusts. VIA will accept designation as an income beneficiary of charitable lead trusts.

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:

  • Tangible Personal Property. The Executive Committee shall review and determine whether to accept any gifts of tangible personal property in light of the following considerations: does the property further the organization’s mission?
  • Life Insurance. VIA will accept gifts of life insurance where VIA is named as both beneficiary and irrevocable owner of the insurance policy. The donor must agree to pay, before due, any future premium payments owing on the policy.
  • Real Estate. All gifts of real estate are subject to review by the Executive Committee.

 

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