A board-adopted gift acceptance policy is one of the most important aspects of any major gifts program, according to Laura Fredricks, author of “The Ask: How to Ask Anyone for Any Amount for any Purpose.”
Regardless of the size of your organization, Fredericks insists that a gift acceptance policy is a must. “It never ceases to amaze me how many organizations do not have gift acceptance policies,” she wrote.
Fredericks offers 10 reasons why a gift acceptance policy is vital:
Whether a policy has to be simple or complex, a board should establish a gift acceptance committee to draft a policy and then keep it up to date through an annual review.
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