You are here: Home 18. Gift & Donation Policy
ABS Handbook
 
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  1. Cash Gifts. Gifts of money in any form (cash, checks, and/or credit card charges) will be accepted for either restricted or unrestricted purposes. Unrestricted money gifts will be added to the general operating fund of the Society. Restricted money gifts will be accepted for the designated purpose, provided that purpose is in accord with the Society's policies.
  2. Endowments. Donors may endow any of the Society's programs. For a minimum endowment of $10,000, the Society will consider renaming the program in honor of the donor or an honoree of the donor's choice.
  3. Scholarships and Awards. Donors may fund the Society's scholarship and awards programs, or create a new scholarship or award. For a minimum donation of $10,000, the Society will consider renaming the scholarship or award in honor of the donor or an honoree of the donor's choice.
  4. Bequests. Gifts from a program of planned giving (bequests, life insurance, and/or charitable lead trusts) will be accepted for either restricted or unrestricted purposes.
  5. Gifts of Personal Property. Gifts of personal property will be accepted only if the Development Committee believes that a reasonable market value exists for the item(s). An appraisal for the fair market value of the items(s) will be provided to the donor. A proportion of the value of the gift may be used to market the item(s).
  6. Gifts of Negotiable Securities. Gifts of securities for which there is an active secondary market will be accepted under the same place as gifts of cash. It is understood that the conversion of the securities to cash will be at the discretion of the ad hoc Investments Committee.
  7. Gifts of Non-negotiable Securities. Gifts of securities for which there is no readily available secondary market, such as stock in private corporations and closely held securities, may be accepted at the discretion of the ad hoc Investments committee. The Committee may agree to hold such securities for a specified period of time if it believes it is in the interests of the Society to do so.
  8. Gifts of Real Estate. Gifts of real estate will be accepted at the discretion of the ad hoc Investments Committee. An appraisal of the property will be made at the expense of the donor. Real estate gifts will be sold promptly unless it is in the interests of the Society to hold the real estate as an investment.

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